Victory Capital Management Inc. Sells 123,421 Shares of EOG Resources, Inc. (NYSE:EOG)

Victory Capital Management Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG) by 13.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 779,482 shares of the energy exploration company’s stock after selling 123,421 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of EOG Resources worth $98,113,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new stake in EOG Resources during the fourth quarter valued at $5,443,000. Dai ichi Life Insurance Company Ltd lifted its position in EOG Resources by 15.3% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in EOG Resources by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after buying an additional 22,638 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of EOG Resources by 4.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,162 shares of the energy exploration company’s stock worth $745,000 after buying an additional 275 shares during the last quarter. Finally, DRW Securities LLC raised its position in shares of EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after buying an additional 18,741 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp assumed coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Mizuho upped their target price on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Citigroup lifted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, Scotiabank decreased their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.95.

EOG Resources Trading Down 1.0 %

NYSE:EOG opened at $120.35 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a 50-day simple moving average of $126.66 and a 200-day simple moving average of $126.08. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a market cap of $69.17 billion, a P/E ratio of 9.51, a P/E/G ratio of 3.22 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. EOG Resources’s revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

EOG Resources Company Profile

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.