Nuveen Asset Management LLC Sells 12,032 Shares of EOG Resources, Inc. (NYSE:EOG)

Nuveen Asset Management LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,347,454 shares of the energy exploration company’s stock after selling 12,032 shares during the period. Nuveen Asset Management LLC owned about 0.60% of EOG Resources worth $410,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in EOG Resources by 6.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 110,760 shares of the energy exploration company’s stock valued at $13,576,000 after purchasing an additional 6,813 shares during the period. Moore Capital Management LP bought a new position in shares of EOG Resources during the 4th quarter worth $7,972,000. Lazard Asset Management LLC grew its stake in shares of EOG Resources by 9.5% during the 4th quarter. Lazard Asset Management LLC now owns 126,974 shares of the energy exploration company’s stock worth $15,563,000 after acquiring an additional 11,003 shares during the period. Investment Management Corp of Ontario grew its stake in shares of EOG Resources by 9.3% during the 4th quarter. Investment Management Corp of Ontario now owns 61,490 shares of the energy exploration company’s stock worth $7,537,000 after acquiring an additional 5,252 shares during the period. Finally, Gotham Asset Management LLC grew its stake in shares of EOG Resources by 68.1% during the 4th quarter. Gotham Asset Management LLC now owns 210,507 shares of the energy exploration company’s stock worth $25,804,000 after acquiring an additional 85,300 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 1.0%

NYSE EOG opened at $115.52 on Thursday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. 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 has a 50-day moving average of $116.22 and a 200-day moving average of $124.35. The firm has a market cap of $63.05 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.38%. EOG Resources’s dividend payout ratio is currently 36.18%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Raymond James reaffirmed a “strong-buy” rating and issued a $140.00 price objective on shares of EOG Resources in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Morgan Stanley cut their price objective on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, UBS Group cut their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.63.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.