Axa S.A. Has $43.04 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

AXA S.A. decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 351,081 shares of the energy exploration company's stock after selling 144,880 shares during the quarter. AXA S.A. owned about 0.06% of EOG Resources worth $43,036,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its stake in shares of EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Capital World Investors lifted its position in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after acquiring an additional 2,076,134 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $171,193,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on EOG. Barclays lowered their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James reaffirmed a "strong-buy" rating and issued a $140.00 price target on shares of EOG Resources in a research report on Monday, April 21st. Susquehanna lowered their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup cut their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $140.95.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.34 on Tuesday, hitting $108.86. The stock had a trading volume of 4,504,539 shares, compared to its average volume of 3,253,751. The firm's 50 day moving average price is $117.92 and its 200-day moving average price is $124.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a market capitalization of $60.04 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

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.