EOG Resources, Inc. $EOG Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,886 shares of the energy exploration company’s stock after selling 23,200 shares during the quarter. King Luther Capital Management Corp owned approximately 0.06% of EOG Resources worth $42,414,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its stake in shares of EOG Resources by 12.7% during the third quarter. Maryland State Retirement & Pension System now owns 32,580 shares of the energy exploration company’s stock worth $4,488,000 after buying an additional 3,683 shares during the period. Jefferies Financial Group Inc. purchased a new position in EOG Resources in the third quarter worth approximately $24,659,000. First Command Advisory Services Inc. lifted its stake in EOG Resources by 140.1% in the third quarter. First Command Advisory Services Inc. now owns 353 shares of the energy exploration company’s stock worth $49,000 after acquiring an additional 206 shares during the last quarter. Davis Investment Partners LLC grew its holdings in EOG Resources by 5.5% during the 3rd quarter. Davis Investment Partners LLC now owns 2,532 shares of the energy exploration company’s stock worth $349,000 after acquiring an additional 133 shares in the last quarter. Finally, Moneco Advisors LLC increased its position in shares of EOG Resources by 24.2% in the 3rd quarter. Moneco Advisors LLC now owns 2,651 shares of the energy exploration company’s stock valued at $365,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of analyst reports. Barclays raised their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, November 6th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a research note on Wednesday, August 26th. Mizuho set a $165.00 target price on EOG Resources in a report on Thursday, October 15th. Finally, Stifel Nicolaus began coverage on EOG Resources in a research note on Thursday, September 10th. They issued a “hold” rating and a $158.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.32.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $153.81 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.93. The firm’s 50 day moving average is $149.66 and its two-hundred day moving average is $138.48. The firm has a market capitalization of $79.75 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.53 and a beta of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.42. EOG Resources had a net margin of 27.54% and a return on equity of 26.32%. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same quarter in the previous year, the firm earned $2.71 EPS. The company’s revenue was up 46.2% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 17.82 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.9%. This is a boost from EOG Resources’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Friday, January 15th. EOG Resources’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 9,039 shares of EOG Resources stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the sale, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This trade represents a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,317 shares of company stock worth $7,823,480 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Company Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations. The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.