EOG Resources, Inc. (NYSE:EOG) Position Boosted by Sei Investments Co.

Sei Investments Co. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,099 shares of the energy exploration company’s stock after purchasing an additional 1,120 shares during the quarter. Sei Investments Co. owned 0.05% of EOG Resources worth $37,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in shares of EOG Resources by 6.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock valued at $519,066,000 after acquiring an additional 255,721 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of EOG Resources by 120.1% during the second quarter. Bridges Investment Management Inc. now owns 351,177 shares of the energy exploration company’s stock valued at $44,203,000 after purchasing an additional 191,648 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of EOG Resources by 1.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,242 shares of the energy exploration company’s stock valued at $1,415,000 after purchasing an additional 200 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in EOG Resources by 1.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 281,893 shares of the energy exploration company’s stock worth $35,482,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in EOG Resources by 9.6% during the 2nd quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock worth $2,750,000 after buying an additional 1,915 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Sanford C. Bernstein decreased their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Susquehanna dropped their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $142.89.

EOG Resources Stock Up 1.4 %

Shares of EOG stock opened at $127.74 on Tuesday. The stock’s 50 day simple moving average is $125.55 and its 200 day simple moving average is $126.70. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. 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 company has a market capitalization of $73.41 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the previous year, the company earned $2.49 earnings per share. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.85%. EOG Resources’s payout ratio is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

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.