EOG Resources Inc (EOG) Holdings Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in EOG Resources Inc (NYSE:EOG) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 139,796 shares of the energy exploration company’s stock after selling 5,432 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in EOG Resources were worth $15,085,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EOG. Balyasny Asset Management LLC bought a new stake in shares of EOG Resources in the second quarter worth about $1,068,000. AHL Partners LLP boosted its position in shares of EOG Resources by 38.5% during the second quarter. AHL Partners LLP now owns 4,858 shares of the energy exploration company’s stock worth $440,000 after buying an additional 1,350 shares during the period. Moors & Cabot Inc. boosted its position in shares of EOG Resources by 8.9% during the second quarter. Moors & Cabot Inc. now owns 2,451 shares of the energy exploration company’s stock worth $222,000 after buying an additional 200 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of EOG Resources by 29.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 53,843 shares of the energy exploration company’s stock worth $4,874,000 after buying an additional 12,272 shares during the period. Finally, Wunderlich Capital Managemnt boosted its position in shares of EOG Resources by 3.1% during the second quarter. Wunderlich Capital Managemnt now owns 2,887 shares of the energy exploration company’s stock worth $261,000 after buying an additional 87 shares during the period. Institutional investors own 85.59% of the company’s stock.

In related news, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the transaction, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at $7,962,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold 69,934 shares of company stock valued at $7,820,085 over the last three months. Insiders own 0.53% of the company’s stock.

EOG Resources Inc (NYSE:EOG) opened at $100.07 on Friday. EOG Resources Inc has a 52-week low of $81.99 and a 52-week high of $119.00. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $57,310.00, a P/E ratio of 10,007.00, a P/E/G ratio of 3.12 and a beta of 1.01.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were given a dividend of $0.1675 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.67%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Stifel Nicolaus set a $136.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, January 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a research report on Thursday, January 11th. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group set a $101.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus target price of $116.72.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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