Canada Pension Plan Investment Board Trims Position in EOG Resources, Inc. (NYSE:EOG)

Canada Pension Plan Investment Board decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 69.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 255,621 shares of the energy exploration company's stock after selling 588,061 shares during the period. Canada Pension Plan Investment Board's holdings in EOG Resources were worth $32,175,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in EOG Resources by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company's stock worth $6,938,635,000 after buying an additional 146,674 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of 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 worth $3,693,261,000 after buying an additional 373,365 shares in the last quarter. Capital World Investors raised its holdings in EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock valued at $3,423,869,000 after acquiring an additional 1,361,538 shares during the last quarter. Capital International Investors boosted its holdings in shares of EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock worth $1,478,401,000 after purchasing an additional 766,056 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company's stock worth $598,475,000 after buying an additional 1,029,727 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Morgan Stanley reduced their price target on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. UBS Group cut their target price 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 started coverage on EOG Resources in a research note on Thursday, June 27th. They issued an "overweight" rating and a $157.00 price target on the stock. Finally, Bank of America reissued a "buy" rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $142.89.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at $4,434,135.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Up 1.4 %

Shares of NYSE:EOG traded up $1.71 during trading on Monday, hitting $127.74. The company's stock had a trading volume of 3,174,620 shares, compared to its average volume of 3,227,955. The company has a market capitalization of $73.41 billion, a PE ratio of 9.95, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business has a 50 day moving average price of $125.65 and a two-hundred day moving average price of $126.63.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter in the prior year, the business earned $2.49 EPS. EOG Resources's revenue was up 8.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.85%. EOG Resources's payout ratio is currently 28.75%.

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.