EOG Resources, Inc. (NYSE:EOG) Stake Lessened by Beddow Capital Management Inc.

Beddow Capital Management Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,940 shares of the energy exploration company’s stock after selling 225 shares during the period. EOG Resources makes up approximately 2.3% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. Beddow Capital Management Inc.’s holdings in EOG Resources were worth $5,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Aveo Capital Partners LLC boosted its holdings in shares of EOG Resources by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after acquiring an additional 101 shares in the last quarter. Commerce Bank boosted its holdings in EOG Resources by 204.0% during the fourth quarter. Commerce Bank now owns 68,771 shares of the energy exploration company’s stock worth $8,318,000 after buying an additional 46,149 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in EOG Resources by 19.8% during the fourth quarter. SageView Advisory Group LLC now owns 10,166 shares of the energy exploration company’s stock worth $1,187,000 after buying an additional 1,680 shares in the last quarter. Team Hewins LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $230,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in EOG Resources by 5.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 30,888 shares of the energy exploration company’s stock worth $3,638,000 after buying an additional 1,541 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction 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 transaction, 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 is accessible through this link. Also, 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 transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Up 0.6 %

EOG Resources stock opened at $126.01 on Friday. The company has a market capitalization of $72.42 billion, a P/E ratio of 9.95, a P/E/G ratio of 2.95 and a beta of 1.28. The firm’s fifty day simple moving average is $125.65 and its 200-day simple moving average is $126.49. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

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

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. 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 2.89%. EOG Resources’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Scotiabank reduced their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. Susquehanna reduced their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Citigroup upped their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, UBS Group reduced their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $142.89.

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.