EOG Resources, Inc. (NYSE:EOG) Position Lessened by Wright Investors Service Inc.

Wright Investors Service Inc. decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 10,083 shares of the energy exploration company’s stock after selling 523 shares during the period. Wright Investors Service Inc.’s holdings in EOG Resources were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. CENTRAL TRUST Co grew its holdings in shares of EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after buying an additional 74 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of EOG Resources by 3.0% during the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after buying an additional 75 shares in the last quarter. Covestor Ltd grew its holdings in shares of EOG Resources by 7.2% during the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after buying an additional 82 shares in the last quarter. ORG Partners LLC grew its holdings in shares of EOG Resources by 1.0% during the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after buying an additional 84 shares in the last quarter. Finally, White Pine Capital LLC boosted its position in EOG Resources by 2.2% during the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $0.37 during trading hours on Thursday, hitting $132.77. 528,016 shares of the company’s stock were exchanged, compared to its average volume of 3,413,517. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The stock has a market capitalization of $76.37 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. The company’s 50-day moving average price is $122.63 and its 200-day moving average price is $121.92.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm posted $3.30 EPS. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.74%. EOG Resources’s dividend payout ratio is 27.98%.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. TD Securities reduced their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Barclays initiated coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $140.90.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.