EOG Resources, Inc. (NYSE:EOG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,072 shares of the energy exploration company’s stock after selling 49,620 shares during the period. Quadrature Capital Ltd’s holdings in EOG Resources were worth $11,619,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $4,431,000. MUFG Securities EMEA plc purchased a new position in shares of EOG Resources in the fourth quarter worth approximately $5,443,000. TIAA Trust National Association increased its position in shares of EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its position in shares of EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after acquiring an additional 6,154 shares in the last quarter. Finally, L. Roy Papp & Associates LLP increased its position in shares of EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after acquiring an additional 26,026 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price on the stock. Morgan Stanley lifted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $142.09.

Read Our Latest Report on EOG

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $1.02 on Friday, reaching $120.19. The stock had a trading volume of 2,494,458 shares, compared to its average volume of 3,074,643. The business’s 50-day moving average price is $129.91 and its two-hundred day moving average price is $122.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a fifty-two week low of $106.34 and a fifty-two week high of $139.67. The stock has a market cap of $69.07 billion, a P/E ratio of 9.49 and a beta of 1.32.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the company earned $2.69 earnings per share. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.14 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 in the last ninety days. 0.30% of the stock is currently owned by insiders.

About EOG Resources

(Free Report)

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.

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

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