Coho Partners Ltd. Purchases Shares of 1,588 EOG Resources Inc (EOG)

Coho Partners Ltd. purchased a new stake in EOG Resources Inc (NYSE:EOG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,588 shares of the energy exploration company’s stock, valued at approximately $203,000.

Several other institutional investors also recently added to or reduced their stakes in the company. CMH Wealth Management LLC boosted its holdings in shares of EOG Resources by 15.4% in the third quarter. CMH Wealth Management LLC now owns 19,333 shares of the energy exploration company’s stock valued at $2,503,000 after buying an additional 2,585 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of EOG Resources by 7.8% in the third quarter. Cullen Frost Bankers Inc. now owns 122,317 shares of the energy exploration company’s stock valued at $15,604,000 after buying an additional 8,897 shares during the period. Moody Lynn & Lieberson LLC boosted its holdings in shares of EOG Resources by 5.6% in the third quarter. Moody Lynn & Lieberson LLC now owns 16,938 shares of the energy exploration company’s stock valued at $2,161,000 after buying an additional 901 shares during the period. CWM LLC boosted its holdings in shares of EOG Resources by 7.1% in the third quarter. CWM LLC now owns 21,591 shares of the energy exploration company’s stock valued at $2,754,000 after buying an additional 1,430 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in EOG Resources by 2.4% during the third quarter. Oppenheimer & Co. Inc. now owns 91,151 shares of the energy exploration company’s stock worth $11,627,000 after purchasing an additional 2,137 shares during the last quarter. Institutional investors own 86.26% of the company’s stock.

Several research analysts recently commented on the stock. Piper Jaffray Companies set a $156.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 23rd. ValuEngine cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday. Cowen set a $125.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, TD Securities assumed coverage on shares of EOG Resources in a report on Thursday, July 5th. They set a “buy” rating and a $155.00 target price for the company. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $138.50.



EOG stock traded down $4.49 during trading hours on Monday, reaching $102.07. The stock had a trading volume of 275,374 shares, compared to its average volume of 3,101,088. The stock has a market cap of $61.72 billion, a P/E ratio of 91.11, a P/E/G ratio of 1.18 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.83. EOG Resources Inc has a fifty-two week low of $95.84 and a fifty-two week high of $133.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.95 billion. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The company’s revenue for the quarter was up 62.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that EOG Resources Inc will post 5.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s dividend payout ratio (DPR) is currently 78.57%.

In other EOG Resources news, EVP David W. Trice sold 2,489 shares of the stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the completion of the sale, the executive vice president now owns 74,807 shares in the company, valued at $9,533,404.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the sale, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,346 shares of company stock valued at $7,508,977. Corporate insiders own 0.51% of the company’s stock.

About EOG Resources

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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