Institute for Wealth Management LLC. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,663 shares of the energy exploration company’s stock, valued at approximately $1,239,000.

A number of other large investors have also recently added to or reduced their stakes in EOG. IHT Wealth Management LLC lifted its stake 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 purchasing an additional 41 shares in the last quarter. Winfield Associates Inc. lifted its stake 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 purchasing an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in EOG Resources by 60.0% during the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after purchasing an additional 401 shares in the last quarter. Advantage Investment Management LLC lifted its stake in EOG Resources by 16.6% during the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 154 shares in the last quarter. Finally, Exane Derivatives lifted its stake in EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

A number of research analysts have commented on the company. Imperial Capital assumed coverage on EOG Resources in a research note on Thursday. They set an “outperform” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Citigroup Inc. cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. Finally, Piper Jaffray Companies reduced their price objective on EOG Resources from $109.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $107.84.

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Shares of EOG Resources, Inc. (NYSE EOG) traded down 0.08% on Friday, hitting $96.74. 2,010,864 shares of the stock were exchanged. The company’s market cap is $55.86 billion. The firm’s 50-day moving average is $87.81 and its 200-day moving average is $91.61. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s revenue was up 47.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.38) earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post $0.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is currently -131.37%.

In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

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.

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

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