University of Texas Texas AM Investment Management Co. Takes Position in EOG Resources, Inc. (NYSE:EOG)

University of Texas Texas AM Investment Management Co. purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,792 shares of the energy exploration company's stock, valued at approximately $1,691,000.

Several other institutional investors also recently modified their holdings of the company. Capital World Investors grew its stake in shares of EOG Resources by 5.2% in 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 during the period. Charles Schwab Investment Management Inc. grew its position in EOG Resources by 4.5% in 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 acquiring an additional 781,282 shares during the period. Geode Capital Management LLC raised its stake 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 acquiring an additional 234,067 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after acquiring an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of EOG Resources from $131.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Mizuho reduced their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Wells Fargo & Company lowered their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Trading Up 0.1%

NYSE:EOG traded up $0.12 during mid-day trading on Wednesday, hitting $111.35. The company had a trading volume of 768,956 shares, compared to its average volume of 3,669,247. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market cap of $60.77 billion, a P/E ratio of 8.96, a P/E/G ratio of 3.58 and a beta of 0.78. The business's fifty day moving average is $114.15 and its two-hundred day moving average is $123.64.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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 net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period last year, the company posted $2.82 EPS. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid 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 3.50%. EOG Resources's dividend payout ratio is currently 36.18%.

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.