Advisors Asset Management Inc. Sells 3,019 Shares of EOG Resources, Inc. (NYSE:EOG)

Advisors Asset Management Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,690 shares of the energy exploration company’s stock after selling 3,019 shares during the quarter. Advisors Asset Management Inc.’s holdings in EOG Resources were worth $3,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new stake in EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources during the 4th quarter worth about $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.5 %

EOG opened at $124.32 on Friday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The stock’s fifty day simple moving average is $129.24 and its 200 day simple moving average is $127.47. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $68.86 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EOG shares. Morgan Stanley lowered their price target on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. UBS Group lowered their price target 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. Wells Fargo & Company lowered their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Barclays decreased their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday. Twelve equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

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.