Douglas Lane & Associates LLC Sells 11,833 Shares of EOG Resources, Inc. (NYSE:EOG)

Douglas Lane & Associates LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,089 shares of the energy exploration company's stock after selling 11,833 shares during the quarter. Douglas Lane & Associates LLC owned 0.09% of EOG Resources worth $61,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Capital World Investors raised its stake in EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock worth $3,423,869,000 after acquiring an additional 1,361,538 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of EOG Resources during the second quarter worth $106,990,000. Capital International Investors raised its holdings in shares of 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 buying an additional 766,056 shares during the last quarter. Legal & General Group Plc lifted its position in EOG Resources by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock worth $609,300,000 after buying an additional 403,676 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in 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 acquiring an additional 373,365 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.26 on Friday, reaching $132.45. The stock had a trading volume of 1,460,830 shares, compared to its average volume of 3,197,432. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $76.12 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 3.38 and a beta of 1.28. The firm's 50-day moving average is $125.89 and its two-hundred day moving average is $127.14.

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 the consensus estimate of $6.07 billion. During the same period in the previous year, the company posted $2.49 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Sanford C. Bernstein decreased their price objective on EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, September 16th. Barclays dropped their price objective on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Finally, KeyCorp initiated coverage on EOG Resources in a research report on Thursday, June 27th. They issued an "overweight" rating and a $157.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $141.65.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at $4,434,135.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction dated 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 owns 35,058 shares of the company's stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was 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 owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company's stock.

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.