Rockland Trust Co. Has $26.60 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Rockland Trust Co. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,347 shares of the energy exploration company's stock after buying an additional 5,197 shares during the period. EOG Resources accounts for about 1.3% of Rockland Trust Co.'s holdings, making the stock its 26th largest holding. Rockland Trust Co.'s holdings in EOG Resources were worth $26,596,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Capital World Investors increased its stake in EOG Resources by 5.4% in the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company's stock valued at $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EOG Resources during the 2nd quarter worth $106,990,000. Capital International Investors lifted its position in EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock valued at $1,478,401,000 after acquiring an additional 766,056 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in 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. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value 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 approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Charles R. Crisp sold 6,500 shares of the business's 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 completion of the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. 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 quarter. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

EOG stock traded up $2.33 during mid-day trading on Friday, hitting $133.12. 2,717,861 shares of the company were exchanged, compared to its average volume of 3,224,520. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market capitalization of $76.51 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The business has a 50 day simple moving average of $125.16 and a 200-day simple moving average of $126.91. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG - Get Free Report) last released 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 business had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.07 billion. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 11.91 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio (DPR) is 28.75%.

Analysts Set New Price Targets

EOG has been the topic of several research reports. Susquehanna lowered their price objective 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. Wolfe Research assumed coverage on shares of EOG Resources in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 16th. Evercore ISI decreased their price target on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Barclays lowered their price target on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $142.15.

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.