Deltec Asset Management LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 82.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,000 shares of the energy exploration company’s stock after selling 33,900 shares during the period. Deltec Asset Management LLC’s holdings in EOG Resources were worth $677,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EOG. BlackRock Inc. raised its stake in EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after purchasing an additional 34,114,299 shares during the period. Capital Research Global Investors raised its stake in EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Ameriprise Financial Inc. raised its stake in EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after purchasing an additional 2,083,122 shares during the period. Capital World Investors raised its stake in EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after purchasing an additional 1,452,947 shares during the period. 85.38% of the stock is currently owned by institutional investors.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the firm earned ($0.40) EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, October 16th. EOG Resources’s payout ratio is -131.37%.

In other news, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is owned by insiders.

A number of equities analysts have weighed in on EOG shares. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price target on shares of EOG Resources in a research note on Friday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th. Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Scotiabank reissued a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $108.68.

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EOG Resources Company 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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