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

Guggenheim Capital LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 49.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,316 shares of the energy exploration company’s stock after selling 18,865 shares during the period. Guggenheim Capital LLC’s holdings in EOG Resources were worth $2,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. World Investment Advisors LLC acquired a new stake in shares of EOG Resources in the third quarter valued at $730,000. Mountain Lake Investment Management LLC bought a new stake in EOG Resources during the 4th quarter worth about $735,000. Oak Ridge Investments LLC increased its position in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Tobam bought a new position in shares of EOG Resources in the fourth quarter worth about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of EOG Resources by 161.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after purchasing an additional 2,773 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 2.1 %

Shares of EOG stock opened at $110.53 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $122.29 and a 200-day moving average of $126.44. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for 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%. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date 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 presently 34.73%.

Analysts Set New Price Targets

Several research firms recently weighed in on EOG. Mizuho restated a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Barclays lowered their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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.