Great West Life Assurance Co. Can Trims Stock Position in EOG Resources, Inc. (NYSE:EOG)

Great West Life Assurance Co. Can decreased its position in EOG Resources, Inc. (NYSE:EOG) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,929 shares of the energy exploration company’s stock after selling 98,110 shares during the period. Great West Life Assurance Co. Can owned 0.07% of EOG Resources worth $46,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at $25,000. Fortis Capital Advisors LLC acquired a new position in EOG Resources in the fourth quarter valued at about $28,000. Pinnacle Holdings LLC purchased a new position in EOG Resources during the first quarter worth about $25,000. Lumature Wealth Partners LLC acquired a new stake in shares of EOG Resources during the first quarter valued at about $28,000. Finally, Kalos Management Inc. purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

EOG Resources Stock Up 1.0 %

EOG stock opened at $125.23 on Tuesday. The company has a market cap of $73.03 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.36 and a beta of 1.51. The company has a fifty day moving average price of $127.24 and a 200 day moving average price of $122.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.43 and a quick ratio of 2.10. EOG Resources, Inc. has a 12 month low of $98.52 and a 12 month high of $144.91.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from EOG Resources’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 24.52%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOG. Wells Fargo & Company dropped their target price on shares of EOG Resources from $154.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, September 1st. Sanford C. Bernstein downgraded EOG Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $155.00 to $146.00 in a research report on Tuesday, October 17th. Raymond James cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Monday, July 24th. UBS Group lifted their target price on EOG Resources from $164.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Finally, Bank of America boosted their price objective on EOG Resources from $143.00 to $147.00 in a research report on Wednesday, September 27th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.77.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.