Chicago Equity Partners LLC trimmed its holdings in shares of EOG Resources Inc (NYSE:EOG) by 11.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,190 shares of the energy exploration company’s stock after selling 550 shares during the period. Chicago Equity Partners LLC’s holdings in EOG Resources were worth $521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in EOG Resources by 0.6% in the 2nd quarter. BlackRock Inc. now owns 35,327,623 shares of the energy exploration company’s stock worth $4,395,816,000 after acquiring an additional 212,583 shares during the period. Neuberger Berman Group LLC grew its stake in EOG Resources by 1.7% in the 1st quarter. Neuberger Berman Group LLC now owns 6,296,404 shares of the energy exploration company’s stock worth $662,822,000 after acquiring an additional 102,770 shares during the period. Royal Bank of Canada grew its stake in EOG Resources by 0.8% in the 1st quarter. Royal Bank of Canada now owns 4,262,600 shares of the energy exploration company’s stock worth $448,722,000 after acquiring an additional 31,734 shares during the period. Schwab Charles Investment Management Inc. grew its stake in EOG Resources by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,198,074 shares of the energy exploration company’s stock worth $273,507,000 after acquiring an additional 58,842 shares during the period. Finally, Findlay Park Partners LLP grew its stake in EOG Resources by 45.1% in the 2nd quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after acquiring an additional 597,717 shares during the period. 86.02% of the stock is owned by institutional investors and hedge funds.

EOG has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of EOG Resources from $145.00 to $157.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 19th. Societe Generale raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. TD Securities initiated coverage on shares of EOG Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $155.00 target price for the company. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 target price for the company in a research note on Monday, July 9th. Finally, Morgan Stanley began coverage on shares of EOG Resources in a research note on Thursday, July 12th. They issued an “equal weight” rating and a $128.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $135.33.

In other news, Director Donald F. Textor sold 1,864 shares of the business’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $122.88, for a total value of $229,048.32. Following the completion of the sale, the director now owns 118,263 shares of the company’s stock, valued at approximately $14,532,157.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Thomas sold 57,065 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the sale, the chief executive officer now directly owns 755,519 shares of the company’s stock, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. Insiders sold a total of 114,815 shares of company stock worth $13,821,159 in the last quarter. 0.51% of the stock is currently owned by company insiders.

Shares of EOG stock opened at $114.47 on Friday. EOG Resources Inc has a 12 month low of $86.08 and a 12 month high of $131.60. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $66.30 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.70 and a beta of 1.04.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the business posted $0.08 EPS. The firm’s revenue was up 62.2% compared to the same quarter last year. sell-side analysts forecast that EOG Resources Inc will post 5.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is currently 66.07%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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

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