Granite Investment Partners LLC boosted its position in shares of EOG Resources Inc. (NYSE:EOG) by 3.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,337 shares of the energy exploration company’s stock after buying an additional 922 shares during the period. Granite Investment Partners LLC’s holdings in EOG Resources were worth $2,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock worth $3,599,663,000 after buying an additional 1,423,493 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock worth $3,280,891,000 after buying an additional 680,874 shares in the last quarter. State Street Corp boosted its position in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock worth $2,257,702,000 after buying an additional 268,950 shares in the last quarter. Capital World Investors boosted its position in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock worth $1,288,130,000 after buying an additional 2,246,141 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock worth $994,014,000 after buying an additional 322,970 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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

EOG Resources Inc. (NYSE:EOG) traded down 1.10% on Tuesday, hitting $92.44. 4,010,441 shares of the stock were exchanged. The company has a 50-day moving average price of $93.64 and a 200-day moving average price of $88.15. The firm’s market cap is $53.29 billion. EOG Resources Inc. has a 52-week low of $57.15 and a 52-week high of $98.32.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.09. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share. On average, equities research analysts anticipate that EOG Resources Inc. will post ($1.76) EPS for the current fiscal year.

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

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A number of research analysts have weighed in on the stock. Jefferies Group reaffirmed a “hold” rating on shares of EOG Resources in a research note on Thursday, August 4th. Robert W. Baird lifted their price target on shares of EOG Resources from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. RBC Capital Markets reaffirmed a “hold” rating and issued a $105.00 price target (up previously from $98.00) on shares of EOG Resources in a research note on Tuesday, November 8th. Societe Generale lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.98.

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

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