EOG Resources, Inc. (NYSE:EOG) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,757,629 shares of the energy exploration company’s stock after selling 44,100 shares during the period. Primecap Management Co. CA owned about 0.48% of EOG Resources worth $347,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Riverview Trust Co purchased a new stake in EOG Resources during the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the second quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter valued at approximately $30,000. Sachetta LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC acquired a new position in EOG Resources in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $121.67 on Tuesday. The firm has a market cap of $69.93 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The stock’s 50-day moving average is $125.85 and its two-hundred day moving average is $126.39. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. KeyCorp started coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Citigroup raised their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Scotiabank lowered their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.58.

Insider Buying and Selling at EOG Resources

In other news, 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 value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last ninety days. Company insiders own 0.30% of the company’s stock.

About EOG Resources

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.