Chilton Capital Management LLC Reduces Stake in EOG Resources, Inc. (NYSE:EOG)

Chilton Capital Management LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,142 shares of the energy exploration company's stock after selling 2,230 shares during the quarter. Chilton Capital Management LLC's holdings in EOG Resources were worth $1,429,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EOG. Capital World Investors increased its position in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Geode Capital Management LLC increased its position in shares of EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Northern Trust Corp increased its position in shares of EOG Resources by 2.9% during 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 during the last quarter. Alliancebernstein L.P. increased its position in shares of EOG Resources by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of EOG Resources by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company's stock valued at $597,476,000 after purchasing an additional 50,896 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company'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 sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Down 1.7%

EOG stock traded down $2.05 during trading on Wednesday, reaching $121.90. 2,245,156 shares of the company traded hands, compared to its average volume of 3,405,658. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The company has a market capitalization of $66.53 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 9.65 and a beta of 0.76. The business has a 50 day simple moving average of $116.11 and a 200 day simple moving average of $121.31. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 36.18%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EOG. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. KeyCorp reduced their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Raymond James Financial upped their price target on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Roth Capital downgraded EOG Resources from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $140.00 to $134.00 in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $139.00.

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.