Weaver C. Barksdale & Associates Inc. Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Weaver C. Barksdale & Associates Inc. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,649 shares of the energy exploration company’s stock after selling 3,772 shares during the period. EOG Resources accounts for about 1.7% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 27th biggest holding. Weaver C. Barksdale & Associates Inc.’s holdings in EOG Resources were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC raised its stake in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC increased its stake in EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares during the period. Peoples Bank KS acquired a new position in EOG Resources in the 3rd quarter worth $31,000. Sachetta LLC purchased a new position in EOG Resources in the 4th quarter valued at about $33,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on EOG. TD Securities cut their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Morgan Stanley increased their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. KeyCorp upped their price target on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Mizuho raised their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned 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 target price of $142.27.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $1.78 during trading on Friday, hitting $130.02. 5,660,840 shares of the stock were exchanged, compared to its average volume of 2,953,117. The stock has a market cap of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The stock’s fifty day moving average is $127.48 and its 200 day moving average is $122.57. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last posted its 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 firm had revenue of $6.12 billion during 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 25.11%. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 12.14 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

EOG Resources 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.