Integrated Advisors Network LLC Has $2.62 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Integrated Advisors Network LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,340 shares of the energy exploration company's stock after selling 4,030 shares during the quarter. Integrated Advisors Network LLC's holdings in EOG Resources were worth $2,616,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors boosted 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC boosted its holdings in EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after buying an additional 234,067 shares in the last quarter. Northern Trust Corp grew its position in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after buying an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after buying an additional 365,115 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG stock traded down $0.63 during midday trading on Thursday, hitting $109.82. The stock had a trading volume of 3,421,085 shares, compared to its average volume of 3,282,203. 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 stock has a 50-day simple moving average of $113.86 and a 200 day simple moving average of $123.55. The firm has a market capitalization of $59.94 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio is 36.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays dropped their price objective on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm'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 completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

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.