BRC Investment Management LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 77,194 shares of the energy exploration company’s stock, valued at approximately $7,465,000. EOG Resources makes up about 1.3% of BRC Investment Management LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock worth $3,599,663,000 after buying an additional 1,423,493 shares during the last quarter. State Street Corp boosted its position in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock worth $2,257,702,000 after buying an additional 268,950 shares during the last quarter. Capital World Investors boosted its position in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock worth $1,288,130,000 after buying an additional 2,246,141 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock worth $994,014,000 after buying an additional 322,970 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock worth $691,046,000 after buying an additional 1,578,007 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

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

Shares of EOG Resources, Inc. (NYSE:EOG) traded down 0.09% during mid-day trading on Friday, hitting $105.27. 496,729 shares of the company’s stock were exchanged. The company’s market capitalization is $60.68 billion. EOG Resources, Inc. has a 52 week low of $57.15 and a 52 week high of $109.37. The firm has a 50 day moving average price of $102.92 and a 200-day moving average price of $92.90.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.09. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. EOG Resources’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post ($1.79) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be given a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, January 12th. EOG Resources’s dividend payout ratio is -29.65%.

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EOG has been the subject of a number of research reports. Vetr upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $107.42 target price for the company in a research report on Monday, November 28th. Capital One Financial Corporation upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 16th. Citigroup Inc. cut their price objective on shares of EOG Resources from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, September 22nd. CLSA raised shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Finally, FBR & Co reissued a “buy” rating on shares of EOG Resources in a research report on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $98.64.

In other news, Director Frank G. Wisner sold 1,250 shares of EOG Resources stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $104.55, for a total value of $130,687.50. Following the transaction, the director now owns 108,445 shares of the company’s stock, valued at $11,337,924.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Donald F. Textor sold 6,402 shares of EOG Resources stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $103.40, for a total transaction of $661,966.80. Following the completion of the transaction, the director now directly owns 115,646 shares in the company, valued at approximately $11,957,796.40. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

About EOG Resources

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.

5 Day Chart for NYSE:EOG

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