EOG Resources Inc (EOG) Position Reduced by Motco

Motco lowered its position in EOG Resources Inc (NYSE:EOG) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,875 shares of the energy exploration company’s stock after selling 924 shares during the quarter. Motco’s holdings in EOG Resources were worth $3,656,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC acquired a new stake in EOG Resources in the third quarter valued at about $101,000. Chicago Partners Investment Group LLC lifted its position in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in EOG Resources in the fourth quarter valued at about $125,000. Finally, Fis Group Inc. acquired a new stake in EOG Resources in the third quarter valued at about $130,000. Hedge funds and other institutional investors own 85.59% of the company’s stock.

A number of equities research analysts have recently issued reports on EOG shares. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, October 18th. Barclays lifted their price target on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Argus lifted their price target on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $116.72.

In other EOG Resources news, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the sale, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The disclosure for this sale can be found here. Insiders sold a total of 69,934 shares of company stock valued at $7,820,085 over the last ninety days. 0.53% of the stock is owned by corporate insiders.

Shares of EOG Resources Inc (EOG) opened at $105.78 on Thursday. The company has a market cap of $62,603.79, a P/E ratio of 10,578.00, a price-to-earnings-growth ratio of 3.51 and a beta of 1.01. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.63%. EOG Resources’s payout ratio is currently 6,700.00%.

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EOG Resources Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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