Beck Mack & Oliver LLC Sells 225 Shares of EOG Resources, Inc. (NYSE:EOG)

Beck Mack & Oliver LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,760 shares of the energy exploration company’s stock after selling 225 shares during the period. Beck Mack & Oliver LLC’s holdings in EOG Resources were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in EOG Resources by 15.7% in the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock valued at $226,000 after acquiring an additional 250 shares during the period. Chelsea Counsel Co. increased its stake in EOG Resources by 2.0% during the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock valued at $641,000 after purchasing an additional 100 shares in the last quarter. World Investment Advisors LLC acquired a new position in EOG Resources during the third quarter worth $730,000. Wilmington Savings Fund Society FSB lifted its stake in shares of EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock valued at $8,822,000 after buying an additional 15,186 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of EOG Resources by 4.7% during the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company’s stock valued at $7,227,000 after buying an additional 2,634 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $110.53 on Friday. 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 company has a market cap of $60.96 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm’s 50-day simple moving average is $122.29 and its two-hundred day simple moving average is $126.45.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business 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 dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. EOG Resources’s payout ratio is 34.73%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EOG shares. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Raymond James upped their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Mizuho reaffirmed a “neutral” rating and set a $140.00 price objective (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Twelve 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 company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $144.19.

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.