Vontobel Holding Ltd. Sells 12,678 Shares of EOG Resources, Inc. (NYSE:EOG)

Vontobel Holding Ltd. lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,675 shares of the energy exploration company's stock after selling 12,678 shares during the period. Vontobel Holding Ltd.'s holdings in EOG Resources were worth $8,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. grew its holdings in EOG Resources by 7.2% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 2,265 shares of the energy exploration company's stock worth $290,000 after acquiring an additional 153 shares during the period. Alta Advisers Ltd grew its holdings in EOG Resources by 49.2% during the 1st quarter. Alta Advisers Ltd now owns 2,731 shares of the energy exploration company's stock worth $350,000 after acquiring an additional 900 shares during the period. Advisors Management Group Inc. ADV grew its holdings in EOG Resources by 6.9% during the 1st quarter. Advisors Management Group Inc. ADV now owns 4,537 shares of the energy exploration company's stock worth $582,000 after acquiring an additional 292 shares during the period. Koshinski Asset Management Inc. grew its holdings in EOG Resources by 4.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,111 shares of the energy exploration company's stock worth $655,000 after acquiring an additional 231 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in EOG Resources by 23.9% during the 1st quarter. Westside Investment Management Inc. now owns 2,280 shares of the energy exploration company's stock worth $293,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 1.3%

EOG traded up $1.63 during trading on Friday, hitting $124.51. The company had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,661. The company has a market capitalization of $67.95 billion, a PE ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm's 50-day moving average price is $115.78 and its 200 day moving average price is $121.26. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the business posted $2.82 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EOG. Mizuho lowered their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. UBS Group reissued a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. 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 report on Monday, April 21st. Finally, Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

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.