EOG Resources, Inc. (NYSE:EOG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,008 shares of the energy exploration company's stock after acquiring an additional 61,194 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of EOG Resources worth $54,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital World Investors increased its stake in EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock worth $3,423,869,000 after buying an additional 1,361,538 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of EOG Resources in the second quarter worth $106,990,000. Capital International Investors increased its position in shares of EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock worth $1,478,401,000 after acquiring an additional 766,056 shares during the period. Legal & General Group Plc raised its stake in shares of EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after acquiring an additional 403,676 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company's stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. Morgan Stanley cut their price target on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Evercore ISI cut their target price on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Finally, Scotiabank lowered their target price 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. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.20.

EOG Resources Stock Performance

EOG Resources stock traded down $0.63 during midday trading on Friday, hitting $134.56. 2,279,909 shares of the company's stock were exchanged, compared to its average volume of 2,702,890. 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 stock has a market cap of $75.68 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.57 and a beta of 1.28. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm's 50 day simple moving average is $126.25 and its 200 day simple moving average is $125.99.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued 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 2.90%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is currently 29.31%.

EOG Resources declared that its Board of Directors has authorized a share buyback 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 buy up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction on Monday, August 26th. The shares were 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 of the company's stock, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company's stock, valued at $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 owned by company insiders.

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.