Epoch Investment Partners Inc. Sells 468 Shares of EOG Resources, Inc. (NYSE:EOG)

Epoch Investment Partners Inc. trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,664 shares of the energy exploration company’s stock after selling 468 shares during the period. Epoch Investment Partners Inc.’s holdings in EOG Resources were worth $1,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP bought a new stake in EOG Resources during the 2nd quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new position in EOG Resources during the second quarter valued at approximately $35,000. Finally, Norwood Financial Corp bought a new stake in shares of EOG Resources during the 1st quarter valued at $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EOG shares. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $142.89.

EOG Resources Stock Performance

NYSE:EOG opened at $127.74 on Tuesday. 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 stock’s fifty day moving average is $125.55 and its 200 day moving average is $126.70. The firm has a market capitalization of $73.41 billion, a PE ratio of 10.09, a PEG ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

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

EOG Resources Dividend Announcement

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 $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.85%. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated 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 completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. In the last three months, 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.