Quadrature Capital Ltd Has $7.13 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Quadrature Capital Ltd cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 42.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,738 shares of the energy exploration company’s stock after selling 40,334 shares during the period. Quadrature Capital Ltd’s holdings in EOG Resources were worth $7,125,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in EOG Resources by 23.5% in the first quarter. Gamco Investors INC. ET AL now owns 2,100 shares of the energy exploration company’s stock valued at $268,000 after purchasing an additional 400 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in EOG Resources by 6.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 12,720 shares of the energy exploration company’s stock valued at $1,626,000 after purchasing an additional 792 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in EOG Resources by 67.3% in the first quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares in the last quarter. Capital World Investors grew its stake in EOG Resources by 5.4% in the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on EOG shares. Susquehanna boosted their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. KeyCorp started coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.20.

EOG Resources Stock Performance

EOG Resources stock traded up $0.11 during trading hours on Friday, hitting $127.15. The stock had a trading volume of 2,214,477 shares, compared to its average volume of 2,510,345. The company has a 50-day moving average of $124.73 and a two-hundred day moving average of $123.34. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $73.07 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities research analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.86%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

About EOG Resources

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.