Leuthold Group LLC Decreases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Leuthold Group LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,233 shares of the energy exploration company’s stock after selling 90 shares during the period. Leuthold Group LLC’s holdings in EOG Resources were worth $785,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EOG. MUFG Securities EMEA plc acquired a new position in EOG Resources in the 4th quarter worth $5,443,000. Dai ichi Life Insurance Company Ltd boosted its holdings in EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in EOG Resources by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after purchasing an additional 22,638 shares in the last quarter. DRW Securities LLC increased its holdings in EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after purchasing an additional 18,741 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after purchasing an additional 10,868 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. KeyCorp started coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Sanford C. Bernstein reduced their price target on shares of 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Finally, Citigroup increased their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Fourteen 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 company. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $142.89.

EOG Resources Price Performance

NYSE EOG opened at $125.20 on Friday. The company has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $126.42. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (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 business 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 firm posted $2.49 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. EOG Resources’s payout ratio is 28.75%.

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.