TIAA Trust National Association Sells 53,005 Shares of EOG Resources, Inc. (NYSE:EOG)

TIAA Trust National Association cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 80.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,869 shares of the energy exploration company’s stock after selling 53,005 shares during the quarter. TIAA Trust National Association’s holdings in EOG Resources were worth $1,577,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group cut their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley reduced their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Mizuho reissued a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $144.95.

EOG Resources Trading Up 1.4 %

EOG Resources stock opened at $129.12 on Thursday. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The firm’s 50 day moving average price is $128.65 and its 200-day moving average price is $127.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market cap of $71.52 billion, a P/E ratio of 10.40, a PEG ratio of 3.58 and a beta of 1.25.

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, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Company 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.