EOG Resources, Inc. (NYSE:EOG) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 263,734 shares of the energy exploration company's stock after selling 25,320 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in EOG Resources were worth $32,421,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EOG. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company's stock worth $2,140,338,000 after acquiring an additional 75,194 shares during the period. Ameriprise Financial Inc. raised its holdings in EOG Resources by 2.2% during the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock valued at $1,549,098,000 after acquiring an additional 260,727 shares during the period. Legal & General Group Plc lifted its position 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. Dimensional Fund Advisors LP boosted its stake in shares of EOG Resources by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,473,897 shares of the energy exploration company's stock worth $563,070,000 after acquiring an additional 258,732 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in EOG Resources by 3.2% in the 3rd quarter. Pacer Advisors Inc. now owns 4,254,645 shares of the energy exploration company's stock worth $523,024,000 after purchasing an additional 130,822 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Scotiabank decreased their price objective on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Raymond James lifted their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. Barclays dropped their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Finally, Citigroup raised their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $144.20.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company's stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

EOG Resources Stock Down 1.0 %

Shares of NYSE:EOG traded down $1.23 during trading on Tuesday, reaching $126.62. The stock had a trading volume of 3,440,463 shares, compared to its average volume of 3,118,134. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $71.21 billion, a P/E ratio of 10.19, a PEG ratio of 3.40 and a beta of 1.29. The firm's 50-day simple moving average is $129.46 and its 200 day simple moving average is $126.34. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, January 17th. EOG Resources's payout ratio is currently 29.31%.

EOG Resources announced that its board has approved a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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.