CS Mckee LP Lowers Stake in EOG Resources, Inc. (EOG)

CS Mckee LP cut its position in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,067 shares of the energy exploration company’s stock after selling 5,693 shares during the period. EOG Resources accounts for about 2.5% of CS Mckee LP’s investment portfolio, making the stock its 6th biggest position. CS Mckee LP owned 0.06% of EOG Resources worth $31,417,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its position in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the period. Winfield Associates Inc. increased its position in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the period. Chicago Partners Investment Group LLC increased its holdings in EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares during the period. Exane Derivatives increased its holdings in EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares during the period. Finally, Assetmark Inc. increased its holdings in EOG Resources by 5.0% in the 1st quarter. Assetmark Inc. now owns 1,183 shares of the energy exploration company’s stock valued at $115,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is owned by insiders.

EOG Resources, Inc. (EOG) traded down 0.53% on Wednesday, hitting $96.93. The stock had a trading volume of 996,184 shares. The company’s 50 day moving average is $92.40 and its 200-day moving average is $91.67. The stock’s market cap is $55.97 billion. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the business earned ($0.38) EPS. The business’s revenue was up 47.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post $0.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is -131.37%.

A number of research firms have recently weighed in on EOG. Imperial Capital began coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays PLC reiterated an “overweight” rating and set a $101.00 target price (up from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Atlantic Securities upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $108.68.

EOG Resources Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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