Renaissance Technologies LLC Sells 267,900 Shares of EOG Resources, Inc. $EOG

Renaissance Technologies LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 76.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 83,599 shares of the energy exploration company’s stock after selling 267,900 shares during the period. Renaissance Technologies LLC’s holdings in EOG Resources were worth $12,086,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Twin Capital Management Inc. raised its position in shares of EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after buying an additional 79 shares in the last quarter. Hardy Reed LLC boosted its position in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after acquiring an additional 82 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in shares of EOG Resources by 39.5% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock worth $45,000 after acquiring an additional 88 shares in the last quarter. Fulton Bank N.A. increased its stake in EOG Resources by 2.1% in the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after acquiring an additional 93 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after acquiring an additional 100 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EOG. Sanford C. Bernstein cut their target price on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Mizuho set a $157.00 price target on EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Williams Trading set a $177.00 price objective on EOG Resources in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Stock Up 2.1%

Shares of EOG opened at $148.54 on Friday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The stock has a market capitalization of $79.12 billion, a price-to-earnings ratio of 14.62 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The stock has a fifty day moving average of $136.95 and a 200-day moving average of $131.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $2.87 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a $1.02 dividend. The ex-dividend date was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

About EOG Resources

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.