EOG Resources, Inc. (NYSE:EOG) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,923 shares of the energy exploration company’s stock after selling 451 shares during the period. Teza Capital Management LLC’s holdings in EOG Resources were worth $2,565,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EOG. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Barclays lowered their price objective on shares of EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, KeyCorp lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.63.

EOG Resources Trading Down 0.4%

EOG Resources stock opened at $115.43 on Friday. The firm has a 50 day simple moving average of $115.84 and a 200-day simple moving average of $124.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $63.00 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.38%. The ex-dividend date is Thursday, July 17th. EOG Resources’s dividend payout ratio is presently 36.18%.

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.