Fulton Bank N.A. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,625 shares of the energy exploration company’s stock after selling 2,002 shares during the period. Fulton Bank N.A.’s holdings in EOG Resources were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC boosted its holdings in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after purchasing an additional 41 shares during the last quarter. Winfield Associates Inc. boosted its holdings in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after purchasing an additional 401 shares during the last quarter. Exane Derivatives boosted its holdings in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 192 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in EOG Resources by 17.3% in the first quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock worth $124,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

EOG has been the topic of several analyst reports. Barclays PLC lifted their target price on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $108.68.

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In related news, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders sold a total of 38,578 shares of company stock valued at $3,700,882 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.

EOG Resources, Inc. (EOG) traded down 0.539% on Wednesday, hitting $96.925. 784,209 shares of the company traded hands. The stock’s 50-day moving average is $92.40 and its 200 day moving average is $91.67. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The firm’s market capitalization is $55.97 billion.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s revenue was up 47.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) earnings per share. Equities analysts forecast that EOG Resources, Inc. will post $0.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a $0.1675 dividend. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is -131.37%.

About EOG Resources

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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