NorthCoast Asset Management LLC decreased its position in EOG Resources, Inc. (NYSE:EOG) by 12.7% during the first quarter, Holdings Channel reports. The fund owned 157,228 shares of the energy exploration company’s stock after selling 22,939 shares during the period. NorthCoast Asset Management LLC’s holdings in EOG Resources were worth $15,338,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC increased its position in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock worth $634,839,000 after buying an additional 231,183 shares during the last quarter. Geode Capital Management LLC increased its position in shares of EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock worth $537,142,000 after buying an additional 517,310 shares during the last quarter. Norges Bank bought a new position in shares of EOG Resources during the fourth quarter worth approximately $494,429,000. Finally, American Century Companies Inc. increased its position in shares of EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares during the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.

EOG Resources, Inc. (NYSE EOG) opened at 91.87 on Monday. The firm’s market capitalization is $53.03 billion. The stock’s 50 day moving average price is $90.31 and its 200 day moving average price is $96.67. EOG Resources, Inc. has a 52-week low of $78.04 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company posted ($0.83) earnings per share. The firm’s revenue was up 92.8% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post $0.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a dividend of $0.1675 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.67 annualized dividend and a dividend yield of 0.73%. EOG Resources’s dividend payout ratio is presently -62.04%.

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EOG has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $114.00 price objective on shares of EOG Resources in a research report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $108.37.

EOG Resources Company Profile

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

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

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