GSA Capital Partners LLP Takes Position in EOG Resources, Inc. (NYSE:EOG)

GSA Capital Partners LLP purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,104 shares of the energy exploration company's stock, valued at approximately $1,242,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. UniSuper Management Pty Ltd increased its stake in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock valued at $1,998,000 after purchasing an additional 10,868 shares during the last quarter. University of Texas Texas AM Investment Management Co. increased its stake in EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company's stock valued at $1,370,000 after purchasing an additional 10,618 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in EOG Resources by 23.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company's stock valued at $3,209,000 after purchasing an additional 4,749 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in EOG Resources by 44.2% during the third quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company's stock valued at $1,303,000 after purchasing an additional 3,251 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in EOG Resources by 67.3% during the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company's stock valued at $107,856,000 after purchasing an additional 339,480 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction 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 trade represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 9.65 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG traded down $0.60 during mid-day trading on Friday, hitting $134.59. The company's stock had a trading volume of 2,279,713 shares, compared to its average volume of 3,134,220. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $75.70 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28. The stock's 50-day moving average is $125.97 and its two-hundred day moving average is $126.04.

EOG Resources declared that its board has authorized a stock buyback 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 reacquire up to 7% of its stock through open market purchases. Stock buyback plans are often 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. 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. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. EOG Resources's dividend payout ratio (DPR) is 29.31%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Scotiabank lowered their price target on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Evercore ISI lowered their price target 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. Wells Fargo & Company lowered their price target on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 1st. Barclays lowered their price target on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $142.20.

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.