Daiwa Securities Group Inc. decreased its position in EOG Resources Inc. (NYSE:EOG) by 48.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,140 shares of the energy exploration company’s stock after selling 34,880 shares during the period. Daiwa Securities Group Inc.’s holdings in EOG Resources were worth $3,592,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Baker Ellis Asset Management LLC bought a new stake in shares of EOG Resources during the third quarter worth about $101,000. FTB Advisors Inc. boosted its stake in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in shares of EOG Resources during the second quarter worth about $100,000. Lenox Wealth Management Inc. boosted its stake in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC boosted its stake in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

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

Shares of EOG Resources Inc. (NYSE:EOG) traded down 1.10% during midday trading on Tuesday, reaching $92.44. The company’s stock had a trading volume of 4,010,431 shares. EOG Resources Inc. has a 52-week low of $57.15 and a 52-week high of $98.32. The stock’s market cap is $53.29 billion. The stock has a 50-day moving average price of $93.64 and a 200-day moving average price of $88.15.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. EOG Resources’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Equities research analysts anticipate that EOG Resources Inc. will post ($1.76) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.

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EOG has been the topic of a number of recent analyst reports. Clsa Americas raised EOG Resources from an “underperform” rating to an “outperform” rating in a report on Monday, November 14th. CLSA raised EOG Resources from an “underperform” rating to an “outperform” rating in a report on Tuesday, November 15th. Royal Bank Of Canada boosted their target price on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 7th. Bank of America Corp. reissued a “hold” rating and set a $110.00 target price on shares of EOG Resources in a report on Friday, November 4th. Finally, boosted their target price on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a report on Wednesday, September 7th. Sixteen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average price target of $96.98.

In related news, VP Ann D. Janssen sold 1,064 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $96.73, for a total transaction of $102,920.72. Following the completion of the transaction, the vice president now directly owns 56,473 shares in the company, valued at $5,462,633.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the transaction, the chief executive officer now owns 502,766 shares of the company’s stock, valued at $46,686,850.76. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

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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