University of Texas Texas AM Investment Management Co. Has $1.37 Million Position in EOG Resources, Inc. (NYSE:EOG)

University of Texas Texas AM Investment Management Co. boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3,976.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,885 shares of the energy exploration company's stock after purchasing an additional 10,618 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in EOG Resources were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Capital World Investors increased its stake in shares of EOG Resources by 59.2% during 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 last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 purchasing an additional 1,029,727 shares during the last quarter. Capital International Investors raised its stake in 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 purchasing an additional 766,056 shares during the period. Legal & General Group Plc boosted its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after purchasing an additional 403,676 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of EOG Resources by 1.3% during the 1st 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 during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.1 %

NYSE:EOG traded up $1.37 during mid-day trading on Wednesday, reaching $128.33. The stock had a trading volume of 2,635,873 shares, compared to its average volume of 3,230,427. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market capitalization of $73.75 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock's 50 day simple moving average is $124.91 and its two-hundred day simple moving average is $126.81.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS 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 during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter last year, the firm earned $2.49 EPS. The business's revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 11.91 EPS for the current 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 of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.84%. EOG Resources's dividend payout ratio (DPR) is 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on 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 sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 35,058 shares of the company's stock, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. UBS Group reduced their price objective on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Susquehanna decreased their price target on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company reduced their price objective on EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Scotiabank lowered their target price on EOG Resources from $155.00 to $150.00 and set a "sector perform" rating for the company in a research note on Friday, July 12th. Finally, KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They set an "overweight" rating and a $157.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $142.50.

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.