Curi RMB Capital LLC Buys 18,492 Shares of EOG Resources, Inc. (NYSE:EOG)

Curi RMB Capital LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,612 shares of the energy exploration company's stock after purchasing an additional 18,492 shares during the quarter. Curi RMB Capital LLC's holdings in EOG Resources were worth $24,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in EOG Resources by 23.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company's stock worth $3,209,000 after buying an additional 4,749 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of EOG Resources in the 1st quarter worth approximately $324,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of EOG Resources by 6.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,219 shares of the energy exploration company's stock valued at $412,000 after purchasing an additional 200 shares during the last quarter. 1ST Source Bank raised its position in EOG Resources by 3.2% in the 1st quarter. 1ST Source Bank now owns 5,269 shares of the energy exploration company's stock worth $674,000 after purchasing an additional 165 shares during the period. Finally, Sentry Investment Management LLC raised its position in EOG Resources by 12.9% in the 1st quarter. Sentry Investment Management LLC now owns 3,405 shares of the energy exploration company's stock worth $435,000 after purchasing an additional 388 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

EOG Resources Stock Up 0.6 %

Shares of EOG stock traded up $0.84 during mid-day trading on Thursday, reaching $135.19. 2,545,607 shares of the company's stock traded hands, compared to its average volume of 3,138,076. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $125.70 and its 200-day moving average price is $125.98. The company has a market cap of $76.04 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.53 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is 29.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. Susquehanna dropped their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research note on Wednesday, September 4th. Sanford C. Bernstein decreased their target price on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $142.20.

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.