Waverton Investment Management Ltd raised its stake in shares of EOG Resources Inc. (NYSE:EOG) by 354.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 463,620 shares of the energy exploration company’s stock after buying an additional 361,695 shares during the period. EOG Resources makes up 2.9% of Waverton Investment Management Ltd’s portfolio, making the stock its 12th largest position. Waverton Investment Management Ltd owned about 0.08% of EOG Resources worth $38,675,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EOG. Shell Asset Management Co. boosted its position in EOG Resources by 23.3% in the second quarter. Shell Asset Management Co. now owns 121,069 shares of the energy exploration company’s stock valued at $10,100,000 after buying an additional 22,916 shares during the period. Artemis Investment Management LLP boosted its position in EOG Resources by 836.6% in the second quarter. Artemis Investment Management LLP now owns 174,257 shares of the energy exploration company’s stock valued at $14,533,000 after buying an additional 155,651 shares during the last quarter. Strs Ohio boosted its position in EOG Resources by 0.9% in the second quarter. Strs Ohio now owns 342,402 shares of the energy exploration company’s stock valued at $28,563,000 after buying an additional 3,121 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in EOG Resources by 5.6% in the second quarter. Nisa Investment Advisors LLC now owns 208,612 shares of the energy exploration company’s stock valued at $17,402,000 after buying an additional 11,020 shares during the last quarter. Finally, Standard Life Investments LTD boosted its position in EOG Resources by 0.5% in the second quarter. Standard Life Investments LTD now owns 2,287,396 shares of the energy exploration company’s stock valued at $190,769,000 after buying an additional 11,502 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.

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

EOG Resources Inc. (NYSE:EOG) traded down 0.04% during trading on Thursday, reaching $97.34. 1,147,211 shares of the company’s stock traded hands. The company has a 50 day moving average price of $91.83 and a 200-day moving average price of $83.68. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $98.32. The company’s market cap is $53.60 billion.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio is currently -7.14%.

EOG has been the topic of several research analyst reports. Barclays PLC reissued an “overweight” rating on shares of EOG Resources in a report on Friday, September 30th. FBR & Co initiated coverage on EOG Resources in a report on Tuesday, September 13th. They set an “outperform” rating and a $108.00 price target on the stock. Simmons reissued an “overweight” rating and set a $109.00 price target (up from $103.00) on shares of EOG Resources in a report on Friday, September 9th. Credit Agricole SA increased their price target on EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a report on Wednesday, September 7th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $98.00 price target (up from $95.00) on shares of EOG Resources in a report on Wednesday, September 7th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. EOG Resources has a consensus rating of “Hold” and an average price target of $91.96.

In other news, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the transaction, the chief executive officer now directly owns 502,766 shares in the company, valued at approximately $46,686,850.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total transaction of $398,872.50. Following the completion of the transaction, the executive vice president now owns 59,032 shares in the company, valued at $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

5 Day Chart for NYSE:EOG

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