EOG Resources, Inc. (NYSE:EOG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,795 shares of the energy exploration company’s stock after selling 5,964 shares during the period. Mutual of America Capital Management LLC’s holdings in EOG Resources were worth $9,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Covestor Ltd grew its holdings in EOG Resources by 8.4% in the first quarter. Covestor Ltd now owns 1,270 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 98 shares during the period. Resurgent Financial Advisors LLC grew its stake in shares of EOG Resources by 10.7% during the 1st quarter. Resurgent Financial Advisors LLC now owns 2,247 shares of the energy exploration company’s stock valued at $287,000 after buying an additional 218 shares during the period. Davis R M Inc. purchased a new position in shares of EOG Resources in the 1st quarter worth $201,000. O Shaughnessy Asset Management LLC grew its position in EOG Resources by 5.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 89,680 shares of the energy exploration company’s stock valued at $11,465,000 after acquiring an additional 4,566 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after acquiring an additional 10,868 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday. Susquehanna lowered their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Finally, Scotiabank reduced their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $142.20.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 9.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Down 0.5 %

NYSE:EOG opened at $134.56 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $126.25 and a 200-day moving average of $125.96. The firm has a market capitalization of $75.68 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is presently 31.40%.

EOG Resources declared that its board has approved a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.