Stack Financial Management Inc Cuts Stock Holdings in EOG Resources, Inc. $EOG

Stack Financial Management Inc reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,605 shares of the energy exploration company’s stock after selling 4,036 shares during the period. EOG Resources accounts for about 1.6% of Stack Financial Management Inc’s portfolio, making the stock its 26th largest holding. Stack Financial Management Inc’s holdings in EOG Resources were worth $20,540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Varma Mutual Pension Insurance Co increased its stake in EOG Resources by 3.8% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 152,392 shares of the energy exploration company’s stock worth $16,003,000 after buying an additional 5,600 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in EOG Resources during the 4th quarter worth approximately $3,111,000. Sun Financial Inc purchased a new stake in EOG Resources during the 4th quarter worth approximately $301,000. Seizert Capital Partners LLC increased its stake in EOG Resources by 29.5% during the 4th quarter. Seizert Capital Partners LLC now owns 29,370 shares of the energy exploration company’s stock worth $3,084,000 after buying an additional 6,697 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new stake in EOG Resources during the 4th quarter worth approximately $5,164,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% 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. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,230 shares of company stock worth $2,522,568 over the last 90 days. 0.14% of the stock is owned by insiders.

EOG Resources Stock Up 2.0%

NYSE:EOG opened at $141.70 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $134.92 and its two-hundred day moving average is $117.72. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The stock has a market capitalization of $75.91 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Weiss Ratings upgraded EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Capital One Financial upped their price target on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Stephens upped their price target on EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Jefferies Financial Group upped their price target on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Barclays upped their price target on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.68.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.