River Road Asset Management LLC Trims Stake in EOG Resources, Inc. (NYSE:EOG)

River Road Asset Management LLC decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,538 shares of the energy exploration company's stock after selling 13,943 shares during the quarter. River Road Asset Management LLC's holdings in EOG Resources were worth $21,715,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC bought a new position in shares of EOG Resources during the fourth quarter valued at $28,000. Lumature Wealth Partners LLC bought a new position in shares of EOG Resources during the first quarter valued at $28,000. McIlrath & Eck LLC increased its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Finally, Peoples Bank KS bought a new position in shares of EOG Resources during the third quarter valued at $31,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.64 during mid-day trading on Thursday, reaching $131.76. 1,944,123 shares of the company traded hands, compared to its average volume of 3,434,426. The company's 50 day moving average price is $122.63 and its 200-day moving average price is $121.92. The firm has a market cap of $75.79 billion, a PE ratio of 10.20 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 earnings per share. On average, equities analysts expect that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.76%. EOG Resources's payout ratio is 27.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup raised their price target on EOG Resources from $120.00 to $124.00 and gave the company a "neutral" rating in a report on Monday, March 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. Susquehanna reduced their price objective on EOG Resources from $164.00 to $147.00 and set a "positive" rating for the company in a report on Friday, January 26th. Raymond James reduced their price objective on EOG Resources from $148.00 to $145.00 and set a "strong-buy" rating for the company in a report on Wednesday, January 24th. Finally, Mizuho lifted their price objective on EOG Resources from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday. Thirteen 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $140.90.

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.