Beacon Pointe Advisors LLC Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Beacon Pointe Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,699 shares of the energy exploration company's stock after selling 2,500 shares during the quarter. Beacon Pointe Advisors LLC's holdings in EOG Resources were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EOG. Public Employees Retirement Association of Colorado increased its holdings in shares of EOG Resources by 6.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,206,470 shares of the energy exploration company's stock worth $147,889,000 after purchasing an additional 78,017 shares in the last quarter. Prosperity Consulting Group LLC increased its holdings in EOG Resources by 4.8% in the 4th quarter. Prosperity Consulting Group LLC now owns 8,380 shares of the energy exploration company's stock worth $1,027,000 after buying an additional 380 shares in the last quarter. Oxford Asset Management LLP purchased a new position in EOG Resources in the 4th quarter worth about $1,524,000. Coldstream Capital Management Inc. raised its position in EOG Resources by 3.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,896 shares of the energy exploration company's stock worth $845,000 after buying an additional 235 shares during the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of EOG Resources by 3.0% during the 4th quarter. Capital Analysts LLC now owns 89,276 shares of the energy exploration company's stock valued at $10,943,000 after acquiring an additional 2,585 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Activity 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark restated a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Mizuho reaffirmed a "neutral" rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.95.

EOG Resources Price Performance

EOG stock traded down $0.81 during trading on Friday, reaching $110.87. The company's stock had a trading volume of 6,414,978 shares, compared to its average volume of 3,252,233. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is $118.35 and its 200-day moving average is $125.12. The company has a market capitalization of $61.15 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.52%. EOG Resources's dividend payout ratio is 34.73%.

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.