Aberdeen Group plc Decreases Holdings in EOG Resources, Inc. $EOG

Aberdeen Group plc lowered its position in EOG Resources, Inc. (NYSE:EOG) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,607 shares of the energy exploration company’s stock after selling 6,478 shares during the period. Aberdeen Group plc owned approximately 0.06% of EOG Resources worth $31,987,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EOG. Cullen Capital Management LLC grew its position in shares of EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after purchasing an additional 25,753 shares during the period. Rockland Trust Co. lifted its position in EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after buying an additional 11,965 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after buying an additional 11,442 shares during the period. Legal & General Group Plc boosted its stake in EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after buying an additional 68,888 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after buying an additional 23,846 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $142.62 on Friday. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock’s 50-day moving average is $127.05 and its 200-day moving average is $114.72.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EOG shares. Raymond James Financial upped their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, March 27th. Roth Mkm reissued a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a research report on Wednesday, February 25th. Citigroup upped their price target on shares of EOG Resources from $115.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Wells Fargo & Company increased their price target on shares of EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Finally, Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.04.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.