EOG Resources, Inc. (NYSE:EOG) Holdings Trimmed by Sendero Wealth Management LLC

Sendero Wealth Management LLC cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 96.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the energy exploration company's stock after selling 63,831 shares during the quarter. Sendero Wealth Management LLC's holdings in EOG Resources were worth $328,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the fourth quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new stake in EOG Resources during the 4th quarter valued at approximately $28,000. Finally, Heritage Wealth Advisors grew its stake in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday. Scotiabank raised 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 report on Friday, April 11th. Finally, Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Stock Performance

NYSE:EOG traded up $2.90 during mid-day trading on Friday, hitting $113.93. The stock had a trading volume of 3,055,891 shares, compared to its average volume of 3,275,490. 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 market capitalization of $62.18 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a 50 day simple moving average of $111.81 and a 200-day simple moving average of $122.56.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 36.18%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

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.