Midwest Professional Planners LTD. Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

Midwest Professional Planners LTD. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 25.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,494 shares of the energy exploration company’s stock after selling 1,540 shares during the period. Midwest Professional Planners LTD.’s holdings in EOG Resources were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Insight Inv LLC increased its stake in shares of EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares during the last quarter. Essex Financial Services Inc. grew its position in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. grew its position in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after buying an additional 80 shares during the period. Finally, Advisor OS LLC boosted its stake in shares of EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EOG. Barclays decreased their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Citigroup cut EOG Resources from a “neutral” rating to a “reduce” rating in a research note on Wednesday, March 5th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.86.

EOG Resources Trading Down 2.6 %

NYSE:EOG opened at $121.01 on Friday. The firm has a market cap of $67.03 billion, a P/E ratio of 9.74, a PEG ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $129.60 and its 200-day simple moving average is $127.66. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67.

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

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

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.