MML Investors Services LLC Has $4.76 Million Stake in EOG Resources, Inc. (NYSE:EOG)

MML Investors Services LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,708 shares of the energy exploration company's stock after selling 13,701 shares during the period. MML Investors Services LLC's holdings in EOG Resources were worth $4,758,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EOG. Cape ANN Savings Bank raised its stake in EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock valued at $1,067,000 after purchasing an additional 79 shares during the period. Bailard Inc. raised its holdings in EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after buying an additional 81 shares in the last quarter. Everpar Advisors LLC lifted its stake in shares of EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock worth $293,000 after buying an additional 83 shares during the last quarter. Altman Advisors Inc. lifted its position in shares of EOG Resources by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company's stock worth $1,603,000 after purchasing an additional 85 shares during the last quarter. Finally, X Square Capital LLC boosted its holdings in EOG Resources by 2.7% in the 2nd quarter. X Square Capital LLC now owns 3,236 shares of the energy exploration company's stock valued at $407,000 after purchasing an additional 86 shares during the period. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Susquehanna lowered their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Scotiabank dropped their price objective on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Raymond James upped their target price on shares of EOG Resources from $156.00 to $167.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Finally, Barclays dropped their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $144.20.

EOG Resources Trading Up 0.2 %

Shares of EOG traded up $0.20 during trading hours on Friday, hitting $126.77. 1,878,838 shares of the stock traded hands, compared to its average volume of 3,120,094. The business has a fifty day moving average of $129.23 and a 200-day moving average of $126.40. The firm has a market capitalization of $71.30 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is 29.31%.

EOG Resources 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.