Allianz SE Has $309,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Allianz SE reduced its holdings in EOG Resources by 88.8%, selling 19,098 shares to own only 2,410 shares, valued at $309,000.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, up from $0.98, representing an annualized yield of 3.5% with a payout ratio of 36.18%.
• Analysts have mixed opinions on EOG Resources, with some upgrading their ratings and target prices, leading to an average rating of "Moderate Buy" and a consensus target price of $140.62.

Allianz SE lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 88.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,410 shares of the energy exploration company's stock after selling 19,098 shares during the quarter. Allianz SE's holdings in EOG Resources were worth $309,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Capital World Investors grew its position in shares of EOG Resources by 5.2% during 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 in the last quarter. Northern Trust Corp raised its stake in shares of EOG Resources by 2.9% in the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after purchasing an additional 159,216 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of EOG Resources by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after purchasing an additional 60,454 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in EOG Resources by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company's stock worth $597,476,000 after purchasing an additional 50,896 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in EOG Resources by 5.3% in the fourth quarter. Invesco Ltd. now owns 4,409,619 shares of the energy exploration company's stock valued at $540,531,000 after buying an additional 222,188 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $1.10 on Wednesday, hitting $116.68. The company had a trading volume of 3,050,415 shares, compared to its average volume of 2,859,118. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The company has a market cap of $63.68 billion, a PE ratio of 10.82, a PEG ratio of 9.02 and a beta of 0.80. The business has a 50-day simple moving average of $119.23 and a 200-day simple moving average of $120.26.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America reduced their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Mizuho lowered their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Stephens started coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price on the stock. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.62.

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.