Westwood Holdings Group Inc. Cuts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Westwood Holdings Group Inc. lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 477,510 shares of the energy exploration company's stock after selling 3,516 shares during the period. Westwood Holdings Group Inc. owned about 0.08% of EOG Resources worth $58,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Ritholtz Wealth Management boosted its holdings in shares of EOG Resources by 40.0% in the 4th quarter. Ritholtz Wealth Management now owns 5,910 shares of the energy exploration company's stock valued at $724,000 after buying an additional 1,690 shares in the last quarter. Empirical Asset Management LLC lifted its holdings in shares of EOG Resources by 19.9% during the 4th quarter. Empirical Asset Management LLC now owns 9,038 shares of the energy exploration company's stock valued at $1,108,000 after purchasing an additional 1,503 shares during the last quarter. Wedge Capital Management L L P NC increased its position in EOG Resources by 29.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 32,653 shares of the energy exploration company's stock valued at $4,003,000 after buying an additional 7,491 shares in the last quarter. Merit Financial Group LLC boosted its holdings in EOG Resources by 32.3% in the fourth quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company's stock worth $700,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth about $286,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EOG. UBS Group decreased their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Wells Fargo & Company reduced their price objective 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. Finally, Barclays dropped their target price on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $140.63.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Down 0.4%

NYSE EOG opened at $115.43 on Monday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm's fifty day moving average price is $115.84 and its 200 day moving average price is $124.32.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm 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 firm posted $2.82 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share 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. Shareholders of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is presently 36.18%.

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.

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