Shell Asset Management Co. Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Shell Asset Management Co. reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,557 shares of the energy exploration company's stock after selling 5,558 shares during the quarter. Shell Asset Management Co.'s holdings in EOG Resources were worth $3,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Essex Financial Services Inc. grew its stake in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after purchasing an additional 79 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after purchasing an additional 80 shares during the last quarter. 1ST Source Bank grew its stake in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. grew its stake in shares of EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EOG. Mizuho lowered their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Susquehanna decreased their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Finally, Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.63.

EOG Resources Price Performance

EOG stock traded down $0.43 during midday trading on Friday, hitting $115.43. 3,406,023 shares of the stock were exchanged, compared to its average volume of 3,296,785. The stock's 50-day moving average price is $115.84 and its 200-day moving average price is $124.32. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 3.58 and a beta of 0.78. 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.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. EOG Resources's revenue was down 7.4% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.38%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

About EOG Resources

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.