United Capital Financial Advisers LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 2.2% during the first quarter, Holdings Channel reports. The fund owned 108,493 shares of the energy exploration company’s stock after selling 2,391 shares during the period. United Capital Financial Advisers LLC’s holdings in EOG Resources were worth $10,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of EOG. BlackRock Inc. boosted its position in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Jennison Associates LLC boosted its position in 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 boosted its position in 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 boosted its position in 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. Finally, American Century Companies Inc. boosted its position in 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. Institutional investors and hedge funds own 84.86% of the company’s stock.

EOG Resources, Inc. (NYSE:EOG) opened at 94.31 on Thursday. EOG Resources, Inc. has a one year low of $78.04 and a one year high of $109.37. The firm’s market capitalization is $54.44 billion. The stock’s 50 day moving average is $89.64 and its 200 day moving average is $95.45.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The business’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.83) EPS. On average, equities research analysts predict that EOG Resources, Inc. will post $0.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is currently -62.04%.

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EOG has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a report on Friday, July 14th. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Sunday. Finally, Raymond James Financial, Inc. upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, May 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $108.59.

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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