EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,311,541 shares of the energy exploration company's stock after purchasing an additional 260,727 shares during the quarter. Ameriprise Financial Inc. owned 2.14% of EOG Resources worth $1,549,098,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors grew its stake in EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company's stock valued at $3,074,660,000 after acquiring an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of 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 purchasing an additional 1,029,727 shares in the last quarter. Capital International Investors raised its position 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. Capital Research Global Investors lifted its stake in EOG Resources by 1.3% in the 1st 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 buying an additional 373,365 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in EOG Resources by 237.9% in the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company's stock worth $61,741,000 after buying an additional 343,527 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company's stock, valued at $4,434,135.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last 90 days. Company insiders own 0.30% of the company's stock.

EOG Resources Trading Down 3.4 %

NYSE EOG traded down $4.19 on Thursday, reaching $120.37. The stock had a trading volume of 4,904,506 shares, compared to its average volume of 3,229,912. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock has a fifty day moving average price of $125.32 and a two-hundred day moving average price of $126.75. The firm has a market capitalization of $69.18 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 3.27 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $2.49 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.91 EPS 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 issued 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 3.02%. EOG Resources's dividend payout ratio (DPR) is presently 28.75%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EOG. Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a "sector perform" rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. UBS Group lowered their target price on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a research report on Wednesday, July 17th. Finally, Susquehanna lowered their price target on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Fourteen 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $142.89.

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.