Guggenheim Capital LLC Has $2.37 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Guggenheim Capital LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 49.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,316 shares of the energy exploration company’s stock after selling 18,865 shares during the quarter. Guggenheim Capital LLC’s holdings in EOG Resources were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

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

EOG Resources Stock Up 2.1 %

Shares of NYSE EOG opened at $110.53 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a 50 day simple moving average of $122.29 and a 200 day simple moving average of $126.44. The firm 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 (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lowered their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $144.19.

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.