ProShare Advisors LLC Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

ProShare Advisors LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,548 shares of the energy exploration company's stock after buying an additional 5,971 shares during the period. ProShare Advisors LLC's holdings in EOG Resources were worth $12,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 4.5% in the fourth 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 purchasing an additional 781,282 shares in the last quarter. Geode Capital Management LLC boosted its holdings in EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Northern Trust Corp boosted its holdings in 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 valued at $701,036,000 after purchasing an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in 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. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG Resources stock traded down $1.45 during midday trading on Tuesday, reaching $112.50. The company's stock had a trading volume of 2,335,439 shares, compared to its average volume of 3,296,665. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock's 50 day simple moving average is $115.64 and its 200 day simple moving average is $124.27. The firm has a market capitalization of $61.40 billion, a PE ratio of 9.06, a P/E/G ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating 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 last year, the company earned $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Analyst Ratings Changes

Several research firms have recently weighed in on EOG. Wells Fargo & Company decreased their price objective on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Raymond James increased their price objective on EOG Resources from $140.00 to $148.00 and gave the company a "strong-buy" rating in a report on Tuesday. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Mizuho decreased their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Eleven investment 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 stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.05.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

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.