Van ECK Associates Corp Sells 482 Shares of EOG Resources, Inc. (NYSE:EOG)

Van ECK Associates Corp reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,146 shares of the energy exploration company’s stock after selling 482 shares during the quarter. Van ECK Associates Corp’s holdings in EOG Resources were worth $4,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. McIlrath & Eck LLC lifted its holdings in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% during 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 last quarter. Peoples Bank KS purchased a new position in shares of EOG Resources in the 3rd quarter worth about $31,000. Hall Laurie J Trustee bought a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $130.02 on Monday. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company has a 50-day simple moving average of $127.48 and a two-hundred day simple moving average of $122.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The firm has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. 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 28.75%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho upped their target price on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Finally, Susquehanna lifted their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $142.27.

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.