EOG Resources, Inc. (NYSE:EOG) Holdings Cut by Groupama Asset Managment

Groupama Asset Managment cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,626 shares of the energy exploration company’s stock after selling 25,617 shares during the quarter. Groupama Asset Managment’s holdings in EOG Resources were worth $6,104,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EOG. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after acquiring an additional 234,067 shares during the period. Alliancebernstein L.P. lifted its position in EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Franklin Resources Inc. boosted its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the period. Finally, Pacer Advisors Inc. grew its position in EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.8 %

Shares of EOG Resources stock opened at $129.26 on Wednesday. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The firm has a market capitalization of $71.60 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $127.93 and its 200-day moving average is $127.92.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EOG shares. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Morgan Stanley decreased their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Thirteen 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.67.

About EOG Resources

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.