Stifel Financial Corp Has $54.45 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Stifel Financial Corp lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,181 shares of the energy exploration company's stock after selling 6,903 shares during the period. Stifel Financial Corp owned 0.08% of EOG Resources worth $54,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthfront Advisers LLC increased its holdings in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the period. Capital World Investors increased its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the period. Franklin Resources Inc. lifted its stake in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the period. Raymond James Financial Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $171,193,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 4.5% during 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 acquiring an additional 781,282 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of several research reports. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Susquehanna decreased their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Raymond James reiterated a "strong-buy" rating and set a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. Finally, Barclays reduced their target price on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Twelve investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $141.25.

EOG Resources Stock Up 0.4 %

EOG stock traded up $0.50 during mid-day trading on Monday, hitting $113.57. The stock had a trading volume of 451,154 shares, compared to its average volume of 3,227,605. The stock has a market capitalization of $62.64 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a fifty day moving average of $120.51 and a 200 day moving average of $125.69.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.43%. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were 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 directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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.