CX Institutional Acquires 53,774 Shares of EOG Resources, Inc. $EOG

CX Institutional grew its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 1,075.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,775 shares of the energy exploration company’s stock after purchasing an additional 53,774 shares during the period. CX Institutional’s holdings in EOG Resources were worth $8,097,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EOG. BlackRock Inc. acquired a new stake in EOG Resources in the second quarter valued at about $5,905,587,000. Bank of New York Mellon Corp acquired a new position in EOG Resources during the second quarter worth about $654,899,000. Bank of America Corp DE bought a new position in shares of EOG Resources in the second quarter worth about $551,321,000. Deutsche Bank AG acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $168,029,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EOG. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Seaport Research Partners assumed coverage on shares of EOG Resources in a research note on Thursday, September 3rd. They set a “neutral” rating on the stock. Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $158.37.

Check Out Our Latest Report on EOG Resources

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 9,039 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.1%

NYSE EOG traded up $0.12 on Friday, hitting $141.44. The company’s stock had a trading volume of 3,599,365 shares, compared to its average volume of 4,115,231. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $154.16. The company’s 50-day moving average is $144.42 and its 200 day moving average is $139.65. The firm has a market cap of $74.19 billion, a PE ratio of 11.01, a PEG ratio of 0.51 and a beta of 0.36.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the business earned $2.32 earnings per share. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 16.85 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

EOG Resources Profile

(Free Report)

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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