EOG Resources, Inc. (NYSE:EOG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,175,048 shares of the energy exploration company’s stock after selling 96,139 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EOG Resources were worth $142,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UniSuper Management Pty Ltd grew its stake in EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after acquiring an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of EOG Resources in the first quarter valued at about $1,217,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EOG Resources by 57.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock worth $46,192,000 after purchasing an additional 138,869 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in EOG Resources by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock valued at $190,724,000 after buying an additional 9,894 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its holdings in EOG Resources by 3,976.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after buying an additional 10,618 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 1.0 %

Shares of EOG stock opened at $123.17 on Friday. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The firm has a market cap of $70.03 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.28. The company has a 50-day moving average of $125.95 and a two-hundred day moving average of $126.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.71 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is presently 28.11%.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Evercore ISI reduced their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Barclays reduced their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Monday, October 14th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $141.20.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

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.