EOG Resources Inc (NYSE:EOG) Stock Position Lowered by Vivaldi Capital Management LLC

Vivaldi Capital Management LLC reduced its holdings in EOG Resources Inc (NYSE:EOG) by 36.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,371 shares of the energy exploration company’s stock after selling 3,132 shares during the period. Vivaldi Capital Management LLC’s holdings in EOG Resources were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of EOG Resources by 100.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after acquiring an additional 6,128,570 shares in the last quarter. BlackRock Inc. raised its stake in shares of EOG Resources by 3.5% in the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after acquiring an additional 1,201,811 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of EOG Resources by 60.9% in the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after purchasing an additional 1,035,252 shares during the period. Balyasny Asset Management LLC raised its holdings in EOG Resources by 1,149.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock worth $81,517,000 after acquiring an additional 804,996 shares during the period. Finally, USS Investment Management Ltd increased its stake in shares of EOG Resources by 41.9% in the second quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock worth $177,729,000 after purchasing an additional 563,156 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

EOG Resources stock traded down $0.61 during mid-day trading on Friday, reaching $81.00. 3,967,561 shares of the company’s stock were exchanged, compared to its average volume of 3,855,639. The firm has a market capitalization of $47.22 billion, a PE ratio of 14.62, a P/E/G ratio of 1.87 and a beta of 1.36. EOG Resources Inc has a one year low of $70.83 and a one year high of $133.53. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $77.40 and its 200 day simple moving average is $88.17.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources Inc will post 5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.42%. EOG Resources’s dividend payout ratio is currently 20.76%.

A number of analysts have recently issued reports on the company. Goldman Sachs Group upgraded EOG Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 28th. TheStreet cut shares of EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Citigroup cut their price target on EOG Resources from $120.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Morgan Stanley decreased their price target on shares of EOG Resources from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Finally, Piper Jaffray Companies set a $111.00 price target on EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $112.76.

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 People's Republic of China, and Canada.

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

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