DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Position in EOG Resources, Inc. (NYSE:EOG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,937,970 shares of the energy exploration company's stock after selling 660,636 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.34% of EOG Resources worth $237,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.6 %

NYSE EOG opened at $108.04 on Thursday. The company's fifty day moving average price is $117.11 and its two-hundred day moving average price is $124.74. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same period last year, the firm earned $2.82 earnings per share. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts predict that EOG Resources, Inc. will post 11.47 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 Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EOG shares. Morgan Stanley dropped their price target on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Mizuho restated a "neutral" rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Raymond James reissued a "strong-buy" rating and issued a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $140.95.

Insider Buying and Selling

In related 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 in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.

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