Foster & Motley Inc. Reduces Stock Position in EOG Resources, Inc. $EOG

Foster & Motley Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,616 shares of the energy exploration company’s stock after selling 8,083 shares during the quarter. Foster & Motley Inc.’s holdings in EOG Resources were worth $4,370,000 at the finish of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Capital Management LLC grew its holdings in shares of EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after purchasing an additional 25,753 shares during the period. Rockland Trust Co. increased its position in EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares during the period. Legal & General Group Plc raised its stake in EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after purchasing an additional 68,888 shares during the period. Finally, AlphaQuest LLC boosted its holdings in EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price tarobtain on shares of EOG Resources from $140.00 to $146.00 and gave the stock a “acquire” rating in a report on Monday, March 2nd. Mizuho upped their price objective on EOG Resources from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. The Goldman Sachs Group lowered their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Finally, Johnson Rice reduced their tarobtain price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price tarobtain of $140.81.

View Our Latest Stock Report on EOG

EOG Resources Price Performance

Shares of EOG opened at $144.38 on Wednesday. The firm has a 50-day simple relocating average of $124.99 and a two-hundred day simple relocating average of $114.21. The stock has a market cap of $77.35 billion, a PE ratio of 15.85, a P/E/G ratio of 3.12 and a beta of 0.44. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividfinish

The company also recently declared a quarterly dividfinish, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividfinish of $1.02 per share. This represents a $4.08 dividfinish on an annualized basis and a yield of 2.8%. The ex-dividfinish date is Thursday, April 16th. EOG Resources’s dividfinish payout ratio is 44.79%.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exmodify Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,532 shares of company stock worth $1,666,045 over the last 90 days. 0.13% of the stock is owned by insiders.

EOG Resources Profile

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an indepfinishent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focutilizes on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focutilized company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.