D.A. Davidson & CO. Decreases Stock Holdings in EOG Resources Inc (NYSE:EOG)

D.A. Davidson & CO. trimmed its holdings in EOG Resources Inc (NYSE:EOG) by 52.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,921 shares of the energy exploration company’s stock after selling 6,544 shares during the quarter. D.A. Davidson & CO.’s holdings in EOG Resources were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Knuff & Co LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $33,000. Tortoise Investment Management LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $34,000. Quest Capital Management Inc. ADV purchased a new position in EOG Resources in the 3rd quarter worth approximately $28,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in EOG Resources in the 2nd quarter worth approximately $37,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.

EOG stock opened at $71.26 on Tuesday. The firm has a market cap of $42.75 billion, a PE ratio of 15.09, a PEG ratio of 1.65 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. The firm’s 50 day moving average price is $70.94 and its 200-day moving average price is $81.06. EOG Resources Inc has a one year low of $64.33 and a one year high of $108.78.

EOG Resources (NYSE:EOG) last posted its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts predict that EOG Resources Inc will post 4.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a $0.2875 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.61%. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.

A number of research analysts have weighed in on EOG shares. Wells Fargo & Co decreased their target price on shares of EOG Resources from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Morgan Stanley reaffirmed a “hold” rating and set a $97.00 price target on shares of EOG Resources in a research report on Wednesday, November 13th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim set a $108.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Piper Jaffray Companies set a $111.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $105.62.

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 People's Republic of China, and Canada.

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

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