EOG Resources, Inc. (NYSE:EOG) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the energy exploration company's stock after selling 9,400 shares during the quarter. Two Sigma Advisers LP's holdings in EOG Resources were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth about $28,000. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Up 0.4%

Shares of NYSE:EOG traded up $0.44 on Thursday, reaching $111.21. The company had a trading volume of 1,100,118 shares, compared to its average volume of 3,270,730. The firm has a market capitalization of $60.70 billion, a PE ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $112.16 and its 200-day simple moving average is $122.74.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share 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 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 firm earned $2.82 EPS. The business's quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared 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 a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.67%. EOG Resources's dividend payout ratio is presently 36.18%.

Analyst Ratings Changes

Several brokerages recently weighed in on EOG. JPMorgan Chase & Co. reduced their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Raymond James raised their price target on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday. Citigroup decreased their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Bank of America dropped their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average price target of $139.58.

About EOG Resources

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.