EOG Resources, Inc. (NYSE:EOG) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 88.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,264 shares of the energy exploration company's stock after selling 40,101 shares during the quarter. Kessler Investment Group LLC's holdings in EOG Resources were worth $647,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in EOG Resources by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company's stock valued at $6,938,635,000 after acquiring an additional 146,674 shares in the last quarter. Capital Research Global Investors lifted its stake in EOG Resources by 1.3% in the first 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. Capital World Investors lifted 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 buying an additional 1,361,538 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in EOG Resources by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock valued at $1,549,098,000 after buying an additional 260,727 shares in the last quarter. Finally, Capital International Investors lifted its position 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 worth $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Morgan Stanley reduced their target price on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Finally, UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $141.20.

Insiders Place Their Bets

In related 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 completion of the transaction, the director now directly owns 60,892 shares of the company's stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Charles R. Crisp sold 6,500 shares of the firm'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 transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company's stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 directly owns 35,058 shares in the company, valued at $4,434,135.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 in the last three months. Corporate insiders own 0.30% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded down $0.64 during mid-day trading on Tuesday, reaching $125.07. The stock had a trading volume of 1,709,477 shares, compared to its average volume of 3,169,430. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The business has a fifty day moving average of $126.16 and a 200 day moving average of $126.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market cap of $71.88 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 3.38 and a beta of 1.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company 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 firm earned $2.49 earnings per share. EOG Resources's revenue was up 8.1% on a year-over-year basis. Equities analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, October 17th. EOG Resources's 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.