EOG Resources, Inc. (NYSE:EOG) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,676 shares of the energy exploration company’s stock after selling 17,973 shares during the period. Shell Asset Management Co.’s holdings in EOG Resources were worth $4,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in EOG Resources by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 33,628 shares of the energy exploration company’s stock worth $4,263,000 after buying an additional 693 shares during the last quarter. Headlands Technologies LLC purchased a new position in EOG Resources during the 3rd quarter worth approximately $358,000. Greenleaf Trust raised its position in EOG Resources by 2.6% during the 3rd quarter. Greenleaf Trust now owns 10,149 shares of the energy exploration company’s stock worth $1,286,000 after buying an additional 259 shares during the last quarter. Foundry Partners LLC raised its position in EOG Resources by 7.2% during the 3rd quarter. Foundry Partners LLC now owns 2,745 shares of the energy exploration company’s stock worth $348,000 after buying an additional 185 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its holdings in shares of EOG Resources by 98.3% during the 3rd quarter. Cornerstone Advisors LLC now owns 11,500 shares of the energy exploration company’s stock valued at $1,458,000 after purchasing an additional 5,700 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG traded down $1.02 on Friday, hitting $120.19. 2,494,458 shares of the company’s stock were exchanged, compared to its average volume of 3,074,643. EOG Resources, Inc. has a fifty-two week low of $106.34 and a fifty-two week high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $129.91 and a 200-day moving average price of $122.38. The stock has a market cap of $69.07 billion, a price-to-earnings ratio of 9.49 and a beta of 1.32.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.03%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EOG shares. Susquehanna lifted their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. KeyCorp lifted their target price on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TD Cowen lifted their target price on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. Finally, Mizuho lifted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $142.09.

Insider Activity

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by 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.