Meeder Asset Management Inc. Cuts Holdings in EOG Resources, Inc. (NYSE:EOG)

Meeder Asset Management Inc. trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,140 shares of the energy exploration company's stock after selling 8,040 shares during the quarter. Meeder Asset Management Inc.'s holdings in EOG Resources were worth $5,426,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EOG. Cape ANN Savings Bank boosted its stake in shares of 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 worth $1,067,000 after acquiring an additional 79 shares in the last quarter. CVA Family Office LLC grew its holdings in EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after purchasing an additional 81 shares during the period. Bailard Inc. increased its position in shares of EOG Resources by 0.4% in 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 raised its stake in shares of EOG Resources by 3.6% during the 3rd 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 period. Finally, 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 valued at $1,603,000 after buying an additional 85 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EOG shares. UBS Group cut their price target 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. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $145.00 price target on shares of EOG Resources in a research report on Monday, October 14th. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Tuesday, November 12th. Finally, Susquehanna dropped their target price on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a report on Wednesday, September 4th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $142.30.

Insider Buying and Selling at EOG Resources

In other news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

EOG Resources Trading Down 1.0 %

EOG stock traded down $1.35 during mid-day trading on Tuesday, hitting $135.19. 2,903,442 shares of the company were exchanged, compared to its average volume of 3,132,863. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market capitalization of $76.04 billion, a P/E ratio of 10.88, a PEG ratio of 3.57 and a beta of 1.28. The business has a fifty day simple moving average of $126.90 and a 200-day simple moving average of $126.03. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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 given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.88%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is presently 29.31%.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program 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 purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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.