EOG Resources, Inc. (NYSE:EOG) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 21.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 54,424 shares of the energy exploration company’s stock after selling 14,792 shares during the period. Oppenheimer & Co. Inc.’s holdings in EOG Resources were worth $6,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of EOG Resources by 23.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock worth $3,209,000 after buying an additional 4,749 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in EOG Resources by 6.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,219 shares of the energy exploration company’s stock worth $412,000 after acquiring an additional 200 shares during the last quarter. 1ST Source Bank grew its holdings in EOG Resources by 3.2% during the 1st quarter. 1ST Source Bank now owns 5,269 shares of the energy exploration company’s stock worth $674,000 after acquiring an additional 165 shares in the last quarter. Nicolet Advisory Services LLC raised its holdings in shares of EOG Resources by 8.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 4,593 shares of the energy exploration company’s stock valued at $630,000 after purchasing an additional 373 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of EOG Resources by 68.3% during the 1st quarter. Intech Investment Management LLC now owns 49,552 shares of the energy exploration company’s stock worth $6,335,000 after purchasing an additional 20,105 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 9.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on EOG. KeyCorp dropped their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Susquehanna dropped their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays dropped their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $142.20.

EOG Resources Stock Performance

Shares of EOG opened at $135.19 on Friday. The company has a 50-day moving average of $125.70 and a two-hundred day moving average of $125.98. The stock has a market cap of $76.04 billion, a P/E ratio of 10.88, a PEG ratio of 3.53 and a beta of 1.28. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.88%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 29.31%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.