New England Asset Management Inc. cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 14.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,400 shares of the energy exploration company’s stock after selling 3,200 shares during the period. New England Asset Management Inc.’s holdings in EOG Resources were worth $1,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new stake in shares of EOG Resources during the 1st quarter worth about $556,000. Usca Ria LLC increased its holdings in shares of EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of EOG Resources by 4.8% during the 2nd quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock valued at $3,726,000 after acquiring an additional 1,895 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of EOG Resources by 5.0% during the 2nd quarter. Utah Retirement Systems now owns 105,752 shares of the energy exploration company’s stock valued at $9,573,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of EOG Resources by 312.1% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 480,575 shares of the energy exploration company’s stock valued at $40,090,000 after acquiring an additional 363,973 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

A number of brokerages have recently commented on EOG. Imperial Capital began coverage on EOG Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price objective on the stock. Stifel Nicolaus set a $106.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $112.00 to $98.00 in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $107.64.

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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,578 shares of company stock worth $3,700,882. Company insiders own 0.53% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) traded down 0.57% during trading on Friday, reaching $96.00. The company’s stock had a trading volume of 627,980 shares. The firm’s 50-day moving average is $90.04 and its 200 day moving average is $91.66. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The company’s market cap is $55.44 billion.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.38) EPS. On average, equities research analysts predict that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio is presently -131.37%.

EOG Resources Company Profile

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

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

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