USS Investment Management Ltd Sells 17,849 Shares of EOG Resources, Inc. (NYSE:EOG)

USS Investment Management Ltd lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,433 shares of the energy exploration company's stock after selling 17,849 shares during the quarter. USS Investment Management Ltd's holdings in EOG Resources were worth $8,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors lifted its stake 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 buying an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% during the 4th 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 lifted its position in shares of 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 boosted its holdings in shares of 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 acquiring an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. grew its position 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 purchasing an additional 365,115 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded up $0.60 during midday trading on Tuesday, reaching $110.78. The stock had a trading volume of 634,951 shares, compared to its average volume of 3,280,618. 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 company has a market capitalization of $60.46 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company's 50-day moving average is $114.41 and its 200 day moving average is $123.73. 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 released its earnings results 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 EPS. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.52%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EOG shares. Bank of America dropped their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday. KeyCorp decreased their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Mizuho cut their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Finally, Wall Street Zen cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Eleven equities 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated 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 owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

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.