Quantinno Capital Management LP Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Quantinno Capital Management LP increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,897 shares of the energy exploration company's stock after buying an additional 11,219 shares during the period. Quantinno Capital Management LP's holdings in EOG Resources were worth $6,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in EOG. CWM LLC increased its position in shares of EOG Resources by 3.1% during the second quarter. CWM LLC now owns 17,041 shares of the energy exploration company's stock worth $2,145,000 after purchasing an additional 511 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of EOG Resources during the second quarter valued at $638,000. Unison Advisors LLC grew its holdings in shares of EOG Resources by 0.7% during the second quarter. Unison Advisors LLC now owns 29,087 shares of the energy exploration company's stock valued at $3,661,000 after buying an additional 194 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in shares of EOG Resources by 5.9% during the second quarter. MJP Associates Inc. ADV now owns 2,661 shares of the energy exploration company's stock valued at $335,000 after buying an additional 149 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of EOG Resources by 6.7% during the second quarter. Czech National Bank now owns 109,517 shares of the energy exploration company's stock valued at $13,785,000 after buying an additional 6,912 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EOG shares. Wells Fargo & Company boosted their price objective on shares of EOG Resources from $135.00 to $147.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. KeyCorp lowered their price target on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Evercore ISI decreased their price objective on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus price target of $144.20.

EOG Resources Stock Down 1.7 %

Shares of NYSE:EOG traded down $2.21 during trading on Friday, hitting $127.81. The company's stock had a trading volume of 2,927,912 shares, compared to its average volume of 2,803,760. The business has a 50 day moving average price of $129.37 and a two-hundred day moving average price of $126.31. The company has a market capitalization of $71.89 billion, a PE ratio of 10.29, a P/E/G ratio of 3.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, January 17th. EOG Resources's payout ratio is 29.31%.

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.