EOG Resources, Inc. (NYSE:EOG) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,722,937 shares of the energy exploration company's stock after selling 34,692 shares during the period. Primecap Management Co. CA owned 0.48% of EOG Resources worth $334,731,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $28,000. Eastern Bank purchased a new position in shares of EOG Resources during the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Up 0.8 %

Shares of NYSE:EOG opened at $136.23 on Thursday. The company has a market cap of $76.62 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 3.58 and a beta of 1.28. The firm's 50-day simple moving average is $127.27 and its 200-day simple moving average is $126.10. 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, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

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 paid a $0.975 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.86%. EOG Resources's dividend payout ratio (DPR) is 29.31%.

EOG Resources declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Tuesday, November 12th. KeyCorp lowered their price objective on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, Evercore ISI lowered their price objective on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average target price of $142.30.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were 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 $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

About EOG Resources

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.

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