Yousif Capital Management LLC Sells 12,967 Shares of EOG Resources, Inc. (NYSE:EOG)

Yousif Capital Management LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,395 shares of the energy exploration company’s stock after selling 12,967 shares during the period. Yousif Capital Management LLC’s holdings in EOG Resources were worth $9,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in EOG Resources during the 4th quarter valued at $430,000. Linden Thomas Advisory Services LLC lifted its holdings in EOG Resources by 9.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,231 shares of the energy exploration company’s stock worth $875,000 after buying an additional 652 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of EOG Resources by 204.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,291 shares of the energy exploration company’s stock valued at $761,000 after acquiring an additional 4,227 shares in the last quarter. Larson Financial Group LLC boosted its holdings in EOG Resources by 30.9% in the fourth quarter. Larson Financial Group LLC now owns 1,164 shares of the energy exploration company’s stock valued at $141,000 after acquiring an additional 275 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in EOG Resources by 29.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 114,591 shares of the energy exploration company’s stock valued at $13,860,000 after purchasing an additional 26,043 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG traded up $0.80 on Wednesday, reaching $135.60. 1,959,117 shares of the stock were exchanged, compared to its average volume of 3,366,501. 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 company’s 50-day moving average price is $124.34 and its 200 day moving average price is $122.26. The firm has a market capitalization of $78.00 billion, a PE ratio of 10.40 and a beta of 1.40. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 12.15 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is presently 27.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EOG shares. Stifel Nicolaus dropped their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Mizuho lifted their target price on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Barclays started coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. lifted their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

EOG Resources 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.