New England Research & Management Inc. trimmed its holdings in EOG Resources Inc (NYSE:EOG) by 57.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,470 shares of the energy exploration company’s stock after selling 7,485 shares during the quarter. New England Research & Management Inc.’s holdings in EOG Resources were worth $477,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fenimore Asset Management Inc. boosted its holdings in shares of EOG Resources by 9.6% in the fourth quarter. Fenimore Asset Management Inc. now owns 762,466 shares of the energy exploration company’s stock valued at $66,495,000 after acquiring an additional 66,860 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of EOG Resources by 2.9% in the fourth quarter. State of Alaska Department of Revenue now owns 88,860 shares of the energy exploration company’s stock valued at $7,747,000 after acquiring an additional 2,469 shares during the period. USS Investment Management Ltd boosted its holdings in shares of EOG Resources by 1.8% in the fourth quarter. USS Investment Management Ltd now owns 1,344,116 shares of the energy exploration company’s stock valued at $117,227,000 after acquiring an additional 23,300 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of EOG Resources by 0.5% in the fourth quarter. Moody National Bank Trust Division now owns 82,144 shares of the energy exploration company’s stock valued at $7,163,000 after acquiring an additional 369 shares during the period. Finally, Bath Savings Trust Co boosted its holdings in shares of EOG Resources by 8.1% in the fourth quarter. Bath Savings Trust Co now owns 7,056 shares of the energy exploration company’s stock valued at $615,000 after acquiring an additional 528 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on EOG. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Tuesday, October 23rd. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday. Robert W. Baird restated a “buy” rating and set a $133.00 price target on shares of EOG Resources in a research note on Monday, December 3rd. JPMorgan Chase & Co. upgraded EOG Resources from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $117.00 to $118.00 in a research note on Friday, December 7th. Finally, Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research note on Friday, January 4th. Nine analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $133.21.

NYSE:EOG opened at $96.87 on Friday. The firm has a market capitalization of $57.52 billion, a price-to-earnings ratio of 86.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92. EOG Resources Inc has a 1 year low of $82.04 and a 1 year high of $133.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. EOG Resources’s revenue was up 80.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, sell-side analysts anticipate that EOG Resources Inc will post 5.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, January 16th. EOG Resources’s payout ratio is 78.57%.

In other EOG Resources news, Director Frank G. Wisner sold 3,150 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the transaction, the director now owns 116,586 shares in the company, valued at $10,795,863.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ezra Y. Yacob sold 2,388 shares of the stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the transaction, the executive vice president now owns 45,424 shares of the company’s stock, valued at approximately $4,486,528.48. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

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About EOG Resources

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 United Kingdom, 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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