Axa S.A. Lowers Stock Position in EOG Resources, Inc. (NYSE:EOG)

AXA S.A. lessened its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 767,123 shares of the energy exploration company's stock after selling 75,794 shares during the period. AXA S.A. owned approximately 0.13% of EOG Resources worth $96,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wright Investors Service Inc. lifted its holdings in shares of EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock worth $1,299,000 after acquiring an additional 80 shares during the period. CVA Family Office LLC lifted its holdings in shares of 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 acquiring an additional 81 shares during the period. Bailard Inc. lifted its holdings in shares of EOG Resources by 0.4% during the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock worth $2,505,000 after acquiring an additional 81 shares during the period. Field & Main Bank lifted its holdings in shares of EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company's stock worth $788,000 after acquiring an additional 83 shares during the period. Finally, PDS Planning Inc lifted its stake in EOG Resources by 4.1% in the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company's stock valued at $275,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the 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 completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a report on Wednesday, July 17th. Susquehanna cut their price target on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research note on Wednesday, September 4th. Bank of America reiterated a "buy" rating and issued a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Finally, StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, September 16th. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources has an average rating of "Hold" and a consensus price target of $142.89.

EOG Resources Stock Down 2.5 %

Shares of EOG Resources stock traded down $3.14 during trading on Wednesday, reaching $124.76. 1,451,315 shares of the company traded hands, compared to its average volume of 3,212,312. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a 50 day moving average price of $125.48 and a 200-day moving average price of $126.76. The firm has a market capitalization of $70.94 billion, a PE ratio of 10.10, a P/E/G ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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 net margin of 30.33% and a return on equity of 25.42%. The firm 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 company posted $2.49 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.92%. EOG Resources's dividend payout ratio is presently 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.