Keybank National Association OH Reduces Position in EOG Resources Inc (NYSE:EOG)

Keybank National Association OH decreased its stake in shares of EOG Resources Inc (NYSE:EOG) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,164 shares of the energy exploration company’s stock after selling 6,851 shares during the period. Keybank National Association OH’s holdings in EOG Resources were worth $4,688,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC increased its position in EOG Resources by 23.5% during the third quarter. Douglas Lane & Associates LLC now owns 349,845 shares of the energy exploration company’s stock worth $25,966,000 after buying an additional 66,551 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in EOG Resources by 5.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,773 shares of the energy exploration company’s stock worth $724,000 after buying an additional 413 shares in the last quarter. Wedbush Securities Inc. increased its position in EOG Resources by 12.7% during the second quarter. Wedbush Securities Inc. now owns 3,116 shares of the energy exploration company’s stock worth $290,000 after buying an additional 351 shares in the last quarter. Security National Bank increased its position in EOG Resources by 7.7% during the third quarter. Security National Bank now owns 37,361 shares of the energy exploration company’s stock worth $2,773,000 after buying an additional 2,673 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in EOG Resources by 30.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,195 shares of the energy exploration company’s stock worth $13,433,000 after buying an additional 33,753 shares in the last quarter. 86.33% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. FinnCap reaffirmed a “corporate” rating on shares of EOG Resources in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $109.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. SunTrust Banks lifted their price objective on EOG Resources to $80.00 and gave the company a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Piper Jaffray Companies set a $111.00 price objective on EOG Resources and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley lowered their price objective on EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $108.50.

EOG Resources stock traded down $0.04 during midday trading on Friday, reaching $74.70. The stock had a trading volume of 3,110,047 shares, compared to its average volume of 3,954,737. EOG Resources Inc has a twelve month low of $64.33 and a twelve month high of $108.78. The stock has a market capitalization of $42.97 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock’s 50-day simple moving average is $71.82 and its 200 day simple moving average is $82.34.

EOG Resources (NYSE:EOG) last issued its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.13. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts predict that EOG Resources Inc will post 4.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Wednesday, October 16th. EOG Resources’s payout ratio is currently 20.76%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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