Siemens Fonds Invest GmbH Cuts Holdings in EOG Resources, Inc. (NYSE:EOG)

Siemens Fonds Invest GmbH lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,800 shares of the energy exploration company's stock after selling 8,442 shares during the quarter. Siemens Fonds Invest GmbH's holdings in EOG Resources were worth $834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC raised its position in EOG Resources by 585.0% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 16,207 shares of the energy exploration company's stock valued at $1,987,000 after purchasing an additional 13,841 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after buying an additional 106,677 shares in the last quarter. Royal Bank of Canada lifted its position in EOG Resources by 6.0% in the 4th quarter. Royal Bank of Canada now owns 3,713,910 shares of the energy exploration company's stock worth $455,251,000 after buying an additional 211,252 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in EOG Resources by 0.4% in the fourth quarter. Rafferty Asset Management LLC now owns 171,345 shares of the energy exploration company's stock worth $21,003,000 after buying an additional 637 shares in the last quarter. Finally, Recurrent Investment Advisors LLC bought a new position in EOG Resources during the fourth quarter valued at approximately $568,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company lowered their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, KeyCorp dropped their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.63.

EOG Resources Trading Down 0.4%

NYSE:EOG opened at $115.43 on Friday. The company has a 50-day moving average price of $115.84 and a 200-day moving average price of $124.30. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. 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 issued its quarterly earnings data 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 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the business posted $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. EOG Resources's dividend payout ratio is presently 36.18%.

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.

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