HM Payson & Co. increased its stake in EOG Resources Inc (NYSE:EOG) by 20.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,841 shares of the energy exploration company’s stock after buying an additional 643 shares during the quarter. HM Payson & Co.’s holdings in EOG Resources were worth $478,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Schroder Investment Management Group raised its stake in EOG Resources by 293.7% in the 2nd quarter. Schroder Investment Management Group now owns 38,775 shares of the energy exploration company’s stock valued at $4,788,000 after acquiring an additional 28,927 shares during the period. Public Employees Retirement System of Ohio raised its stake in EOG Resources by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 412,754 shares of the energy exploration company’s stock valued at $51,359,000 after acquiring an additional 2,838 shares during the period. Cleararc Capital Inc. raised its stake in EOG Resources by 93.3% in the 2nd quarter. Cleararc Capital Inc. now owns 29,719 shares of the energy exploration company’s stock valued at $3,698,000 after acquiring an additional 14,348 shares during the period. Rice Partnership LLC raised its stake in EOG Resources by 32.2% in the 2nd quarter. Rice Partnership LLC now owns 14,258 shares of the energy exploration company’s stock valued at $1,774,000 after acquiring an additional 3,472 shares during the period. Finally, Energy Opportunities Capital Management LLC raised its stake in EOG Resources by 2.0% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 53,843 shares of the energy exploration company’s stock valued at $6,700,000 after acquiring an additional 1,050 shares during the period. 86.16% of the stock is currently owned by institutional investors.

EOG has been the topic of a number of research reports. Mizuho initiated coverage on EOG Resources in a research note on Monday, July 23rd. They issued a “buy” rating and a $173.00 price objective on the stock. Royal Bank of Canada set a $142.00 price target on EOG Resources and gave the company a “hold” rating in a research report on Thursday, September 20th. TD Securities upped their price target on EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Morgan Stanley initiated coverage on EOG Resources in a research report on Thursday, July 12th. They set an “equal weight” rating and a $128.00 price target on the stock. Finally, Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 price target on the stock in a research report on Monday, July 9th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.48.

Shares of NYSE EOG traded up $0.56 during midday trading on Friday, hitting $122.18. 2,949,125 shares of the company’s stock were exchanged, compared to its average volume of 3,229,191. EOG Resources Inc has a 12-month low of $95.36 and a 12-month high of $133.53. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $73.89 billion, a price-to-earnings ratio of 109.09, a PEG ratio of 1.87 and a beta of 1.00.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. EOG Resources’s revenue was up 62.2% on a year-over-year basis. On average, analysts predict that EOG Resources Inc will post 5.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a dividend of $0.22 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. EOG Resources’s payout ratio is presently 66.07%.

In other news, CEO William R. Thomas sold 57,065 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the transaction, the chief executive officer now owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. Insiders have sold 61,346 shares of company stock valued at $7,508,977 in the last three months. 0.51% of the stock is owned by insiders.

About EOG Resources

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 United Kingdom, 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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