EOG Resources Inc. (NYSE:EOG) shares dropped 1.5% during mid-day trading on Monday . The stock traded as low as $82.74 and last traded at $82.87, with a volume of 976,746 shares. The stock had previously closed at $84.10.

EOG has been the topic of several research analyst reports. Barclays PLC increased their target price on shares of EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $79.00 price objective on shares of EOG Resources in a research note on Tuesday, May 10th. Zacks Investment Research lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Stephens reaffirmed a “hold” rating on shares of EOG Resources in a research note on Saturday, May 14th. Finally, Vetr raised shares of EOG Resources from a “strong sell” rating to a “sell” rating and set a $72.00 price objective on the stock in a research note on Tuesday, April 19th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.50.

The company has a 50-day moving average of $82.68 and a 200-day moving average of $75.45. The firm’s market cap is $45.81 billion.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 5th. The energy exploration company reported ($0.83) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.84) by $0.01. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.70 billion. EOG Resources’s revenue for the quarter was down 41.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. On average, analysts predict that EOG Resources Inc. will post ($1.92) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, July 13th.

In other EOG Resources news, VP Ann D. Janssen sold 2,819 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $80.85, for a total value of $227,916.15. Following the completion of the transaction, the vice president now directly owns 62,958 shares in the company, valued at approximately $5,090,154.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now owns 59,032 shares of the company’s stock, valued at $4,829,998.24. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the company. Private Advisor Group LLC increased its position in EOG Resources by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 14,672 shares of the energy exploration company’s stock valued at $1,039,000 after buying an additional 103 shares during the last quarter. Mutual of America Capital Management LLC increased its position in EOG Resources by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 75,671 shares of the energy exploration company’s stock valued at $5,357,000 after buying an additional 219 shares during the last quarter. Tredje AP fonden increased its position in EOG Resources by 1.6% in the fourth quarter. Tredje AP fonden now owns 35,985 shares of the energy exploration company’s stock valued at $2,547,000 after buying an additional 561 shares during the last quarter. American National Bank & Trust Co. VA increased its position in EOG Resources by 2.5% in the fourth quarter. American National Bank & Trust Co. VA now owns 25,339 shares of the energy exploration company’s stock valued at $1,793,000 after buying an additional 607 shares during the last quarter. Finally, GAM Holding AG increased its position in EOG Resources by 1.0% in the fourth quarter. GAM Holding AG now owns 66,909 shares of the energy exploration company’s stock valued at $4,736,000 after buying an additional 655 shares during the last quarter.

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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