Brasada Capital Management LP Cuts Position in EOG Resources Inc (EOG)

Brasada Capital Management LP cut its stake in EOG Resources Inc (NYSE:EOG) by 50.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,407 shares of the energy exploration company’s stock after selling 5,472 shares during the period. Brasada Capital Management LP’s holdings in EOG Resources were worth $472,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EOG. Private Capital Group LLC boosted its position in EOG Resources by 6.3% during the fourth quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock valued at $163,000 after buying an additional 110 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in EOG Resources by 0.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,302 shares of the energy exploration company’s stock valued at $2,032,000 after buying an additional 122 shares during the period. Cornerstone Advisors Inc. boosted its position in EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after buying an additional 143 shares during the period. Harbour Capital Advisors LLC boosted its position in EOG Resources by 1.3% during the fourth quarter. Harbour Capital Advisors LLC now owns 11,726 shares of the energy exploration company’s stock valued at $1,023,000 after buying an additional 145 shares during the period. Finally, ClariVest Asset Management LLC boosted its position in EOG Resources by 9.2% during the fourth quarter. ClariVest Asset Management LLC now owns 1,741 shares of the energy exploration company’s stock valued at $152,000 after buying an additional 147 shares during the period. Institutional investors own 86.41% of the company’s stock.

In other news, EVP Ezra Y. Yacob sold 2,388 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total transaction of $235,862.76. Following the completion of the transaction, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank G. Wisner sold 3,150 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $92.60, for a total transaction of $291,690.00. Following the transaction, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Several research firms have issued reports on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Tuesday, October 16th. Wells Fargo & Co began coverage on shares of EOG Resources in a research report on Wednesday, October 24th. They set a “market perform” rating and a $154.00 price target for the company. Piper Jaffray Companies set a $156.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Robert W. Baird restated a “buy” rating and set a $133.00 price target on shares of EOG Resources in a research report on Monday, December 3rd. Finally, Raymond James cut their price target on shares of EOG Resources from $162.00 to $145.00 and set an “outperform” rating for the company in a research report on Tuesday, November 6th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.04.

Shares of NYSE:EOG opened at $95.63 on Wednesday. The stock has a market cap of $54.63 billion, a PE ratio of 85.38, a PEG ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 78.57%.

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EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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