GF Fund Management CO. LTD. Decreases Stock Position in EOG Resources, Inc. (NYSE:EOG)

GF Fund Management CO. LTD. reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,963 shares of the energy exploration company's stock after selling 5,860 shares during the quarter. GF Fund Management CO. LTD.'s holdings in EOG Resources were worth $18,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Lee Danner & Bass Inc. purchased a new stake in EOG Resources during the fourth quarter worth about $28,000. Heritage Wealth Advisors boosted its holdings in EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in EOG Resources during the first quarter worth about $34,000. Ameriflex Group Inc. purchased a new stake in EOG Resources during the fourth quarter worth about $36,000. Finally, 10Elms LLP purchased a new stake in EOG Resources during the fourth quarter worth about $44,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 2.7%

EOG stock traded down $3.38 on Monday, hitting $119.77. 3,691,877 shares of the company were exchanged, compared to its average volume of 3,405,812. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month 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 business's fifty day moving average is $115.78 and its two-hundred day moving average is $121.28. The stock has a market capitalization of $65.37 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 9.94 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James Financial lifted their target price on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 2nd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. UBS Group restated a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Citigroup cut their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

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.