MQS Management LLC Takes $849,000 Position in EOG Resources, Inc. (NYSE:EOG)

MQS Management LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,905 shares of the energy exploration company's stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Cape ANN Savings Bank increased its holdings 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 worth $1,067,000 after purchasing an additional 79 shares during the last quarter. CVA Family Office LLC increased its holdings in EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock worth $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. increased its holdings in shares of EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after acquiring an additional 81 shares during the last quarter. Everpar Advisors LLC increased its holdings in shares of EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock valued at $293,000 after acquiring an additional 83 shares during the last quarter. Finally, Altman Advisors Inc. increased its holdings in shares of EOG Resources by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company's stock valued at $1,603,000 after acquiring an additional 85 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company'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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the company'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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the company'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 sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Susquehanna lowered their price target on EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a report on Wednesday, September 4th. Sanford C. Bernstein lowered their price objective on EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a research note on Wednesday, July 17th. UBS Group lowered their price objective on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. KeyCorp reduced their price target on 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, Wolfe Research initiated coverage on EOG Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $142.20.

EOG Resources Stock Up 0.9 %

Shares of EOG Resources stock traded up $1.22 during trading on Wednesday, reaching $134.35. The stock had a trading volume of 3,228,946 shares, compared to its average volume of 3,139,188. The company has a market capitalization of $75.57 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 3.53 and a beta of 1.28. The stock has a fifty day moving average price of $125.47 and a two-hundred day moving average price of $125.92. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week 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 buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 2.90%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's payout ratio is 29.31%.

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.