Wafra Inc. Sells 108,589 Shares of EOG Resources, Inc. (NYSE:EOG)

Wafra Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 33.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,175 shares of the energy exploration company's stock after selling 108,589 shares during the quarter. EOG Resources accounts for 1.6% of Wafra Inc.'s portfolio, making the stock its 19th largest holding. Wafra Inc.'s holdings in EOG Resources were worth $26,388,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC lifted its position in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 212 shares during the period. Hall Laurie J Trustee bought a new position in EOG Resources in the fourth quarter worth $36,000. Keener Financial Planning LLC bought a new position in EOG Resources in the fourth quarter worth $36,000. Finally, Tennessee Valley Asset Management Partners bought a new position in EOG Resources in the fourth quarter worth $40,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.6 %

EOG stock traded up $2.02 during midday trading on Friday, reaching $129.94. The stock had a trading volume of 2,340,077 shares, compared to its average volume of 3,038,152. The business has a fifty day simple moving average of $130.30 and a two-hundred day simple moving average of $122.48. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market cap of $74.68 billion, a price-to-earnings ratio of 10.26 and a beta of 1.38. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 12.19 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources's payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 2,685 shares of the business's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the business's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company's stock, valued at $5,079,753.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,783 shares of company stock worth $1,533,465. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen raised their target price on EOG Resources from $130.00 to $144.00 and gave the stock a "hold" rating in a research report on Tuesday, April 30th. Raymond James cut 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. Royal Bank of Canada reissued a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. KeyCorp lifted their price objective on EOG Resources from $147.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. Finally, Scotiabank cut EOG Resources from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Fifteen 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $141.82.

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.