International Assets Investment Management LLC Takes $32.86 Million Position in EOG Resources, Inc. (NYSE:EOG)

International Assets Investment Management LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 267,303 shares of the energy exploration company’s stock, valued at approximately $32,860,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Wealthcare Advisory Partners LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $202,000. Aviance Capital Partners LLC bought a new stake in EOG Resources in the 1st quarter valued at $288,000. Miracle Mile Advisors LLC raised its stake in shares of EOG Resources by 8.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 5,510 shares of the energy exploration company’s stock valued at $704,000 after buying an additional 423 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of EOG Resources during the 1st quarter worth about $409,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of EOG Resources by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after acquiring an additional 9,894 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on 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 $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Evercore ISI decreased their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Scotiabank cut their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Fourteen research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.20.

EOG Resources Stock Down 0.9 %

Shares of NYSE EOG opened at $122.06 on Tuesday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm’s 50-day moving average is $125.83 and its 200-day moving average is $126.55. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $70.15 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 3.26 and a beta of 1.28.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 11.71 EPS for the current 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. This represents a $3.64 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

EOG Resources 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.