Bessemer Group Inc. Sells 110,408 Shares of EOG Resources, Inc. (NYSE:EOG)

Bessemer Group Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,958 shares of the energy exploration company’s stock after selling 110,408 shares during the period. Bessemer Group Inc. owned approximately 0.19% of EOG Resources worth $136,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors grew its position in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after acquiring an additional 1,029,727 shares in the last quarter. Pacer Advisors Inc. lifted its position in EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after acquiring an additional 340,902 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in EOG Resources by 54.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock valued at $114,202,000 after purchasing an additional 333,901 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of EOG Resources by 2,013.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 313,248 shares of the energy exploration company’s stock worth $40,046,000 after purchasing an additional 298,427 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EOG. KeyCorp began coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Bank of America reaffirmed a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Stifel Nicolaus lowered their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.20.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $0.20 on Wednesday, hitting $125.10. 2,206,110 shares of the company traded hands, compared to its average volume of 3,202,087. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The business has a 50-day simple moving average of $124.89 and a 200 day simple moving average of $123.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a market capitalization of $71.90 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The business 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 business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 EPS. Research analysts expect that EOG Resources, Inc. will post 12.18 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insider Transactions at EOG Resources

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on 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 owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock valued at $2,144,972 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Company 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.