EOG Resources Inc (EOG) Position Lessened by Bailard Inc.

Bailard Inc. cut its holdings in EOG Resources Inc (NYSE:EOG) by 33.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,614 shares of the energy exploration company’s stock after selling 14,104 shares during the quarter. Bailard Inc.’s holdings in EOG Resources were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in EOG Resources by 76.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 113 shares in the last quarter. Guidant Wealth Advisors boosted its position in EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 101 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in EOG Resources during the 4th quarter valued at approximately $46,000. Legacy Financial Advisors Inc. boosted its position in EOG Resources by 108.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after acquiring an additional 287 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in EOG Resources during the 1st quarter valued at approximately $48,000. 88.03% of the stock is currently owned by institutional investors.

In related news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at approximately $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Several analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $126.00 price objective on shares of EOG Resources in a research report on Friday, February 22nd. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Friday, January 4th. MKM Partners cut their price objective on EOG Resources from $121.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a research report on Wednesday, January 9th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $122.46.

EOG stock opened at $102.08 on Friday. EOG Resources Inc has a 52-week low of $82.04 and a 52-week high of $133.53. The company has a market cap of $60.17 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. EOG Resources’s revenue was up 36.9% on a year-over-year basis. Sell-side analysts predict that EOG Resources Inc will post 5.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. EOG Resources’s payout ratio is currently 15.88%.

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EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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