Caisse DE Depot ET Placement DU Quebec lowered its holdings in EOG Resources Inc (NYSE:EOG) by 31.6% during the second quarter, Holdings Channel reports. The fund owned 60,109 shares of the energy exploration company’s stock after selling 27,800 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in EOG Resources were worth $7,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Culbertson A N & Co. Inc. boosted its position in shares of EOG Resources by 1.1% in the 2nd quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock valued at $4,778,000 after purchasing an additional 415 shares during the period. Creative Planning boosted its position in shares of EOG Resources by 1.0% in the 2nd quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock valued at $5,227,000 after purchasing an additional 417 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of EOG Resources by 1.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock valued at $2,546,000 after purchasing an additional 423 shares during the period. Bainco International Investors boosted its position in shares of EOG Resources by 0.5% in the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock valued at $10,539,000 after purchasing an additional 438 shares during the period. Finally, Parkwood LLC boosted its position in shares of EOG Resources by 8.3% in the 2nd quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock valued at $715,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 86.02% of the company’s stock.

In other news, President Gary L. Thomas sold 55,886 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $118.27, for a total value of $6,609,637.22. Following the completion of the sale, the president now directly owns 1,131,797 shares of the company’s stock, valued at approximately $133,857,631.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William R. Thomas sold 57,065 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $122.36, for a total value 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 $92,445,304.84. The disclosure for this sale can be found here. Insiders sold a total of 114,815 shares of company stock valued at $13,821,159 over the last three months. Insiders own 0.51% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $143.00 price objective on shares of EOG Resources in a research report on Friday, July 20th. Stifel Nicolaus cut EOG Resources to a “hold” rating and set a $148.00 price objective for the company. in a research report on Thursday, July 19th. Morgan Stanley decreased their price objective on EOG Resources from $128.00 to $122.00 and set a “hold” rating for the company in a research report on Thursday, August 16th. Finally, Cowen set a $125.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Thursday, July 19th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $135.33.

EOG opened at $114.47 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $66.90 billion, a PE ratio of 102.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. EOG Resources Inc has a 12 month low of $86.08 and a 12 month high of $131.60.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company’s quarterly revenue was up 62.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. research analysts forecast that EOG Resources Inc will post 5.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a $0.22 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 66.07%.

EOG Resources 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.

Recommended Story: What is the NASDAQ?

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc (NYSE:EOG).

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

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.