66,453 EOG Resources, Inc. $EOG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 84.8% during the third quarter, Holdings Channel reports. The fund owned 11,876 shares of the energy exploration company’s stock after selling 66,453 shares during the quarter. Sterling Capital Management LLC’s holdings in EOG Resources were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. River Street Advisors LLC raised its holdings in shares of EOG Resources by 4.3% during the third quarter. River Street Advisors LLC now owns 18,792 shares of the energy exploration company’s stock worth $2,589,000 after purchasing an additional 777 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its position in EOG Resources by 3.6% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company’s stock valued at $261,000 after purchasing an additional 65 shares during the period. MBL Wealth LLC lifted its position in EOG Resources by 81.1% during the third quarter. MBL Wealth LLC now owns 3,825 shares of the energy exploration company’s stock valued at $527,000 after purchasing an additional 1,713 shares during the period. Demars Financial Group LLC boosted its holdings in EOG Resources by 2.4% in the third quarter. Demars Financial Group LLC now owns 9,902 shares of the energy exploration company’s stock valued at $1,364,000 after purchasing an additional 234 shares during the last quarter. Finally, Old North State Wealth Management LLC boosted its holdings in EOG Resources by 5.3% in the third quarter. Old North State Wealth Management LLC now owns 1,829 shares of the energy exploration company’s stock valued at $252,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a research report on Wednesday, August 26th. Stifel Nicolaus began coverage on EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. Mizuho set a $165.00 price objective on EOG Resources in a report on Thursday, October 15th. Seaport Research Partners began coverage on EOG Resources in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Finally, Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $161.24.

Read Our Latest Stock Report on EOG Resources

EOG Resources Stock Up 0.4%

Shares of EOG opened at $163.63 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $165.11. The stock’s 50 day moving average is $147.57 and its two-hundred day moving average is $135.31. The firm has a market cap of $85.83 billion, a P/E ratio of 12.73, a PEG ratio of 0.58 and a beta of 0.36.

EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 earnings per share. Analysts predict that EOG Resources, Inc. will post 17.70 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. Investors of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is owned by corporate insiders.

About EOG Resources

(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. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

Further Reading

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).

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

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.