GAM Holding AG Purchases 166 Shares of EOG Resources, Inc. (NYSE:EOG)

GAM Holding AG lifted its position in EOG Resources, Inc. (NYSE:EOG) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,251 shares of the energy exploration company’s stock after acquiring an additional 166 shares during the period. GAM Holding AG’s holdings in EOG Resources were worth $9,865,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Segment Wealth Management LLC raised its position in shares of EOG Resources by 1.6% in the 3rd quarter. Segment Wealth Management LLC now owns 116,874 shares of the energy exploration company’s stock worth $14,367,000 after acquiring an additional 1,848 shares in the last quarter. Waldron Private Wealth LLC increased its position in EOG Resources by 4.9% during the 3rd quarter. Waldron Private Wealth LLC now owns 2,904 shares of the energy exploration company’s stock valued at $357,000 after buying an additional 135 shares in the last quarter. RBA Wealth Management LLC increased its position in EOG Resources by 5.8% during the 3rd quarter. RBA Wealth Management LLC now owns 19,182 shares of the energy exploration company’s stock valued at $2,358,000 after buying an additional 1,057 shares in the last quarter. Eastern Bank bought a new position in EOG Resources during the 3rd quarter valued at approximately $28,000. Finally, Sequoia Financial Advisors LLC increased its position in EOG Resources by 44.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,603 shares of the energy exploration company’s stock valued at $1,303,000 after buying an additional 3,251 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock valued at $2,751,612 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $125.07 on Wednesday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock’s fifty day moving average is $126.16 and its 200 day moving average is $126.93. The stock has a market cap of $71.88 billion, a P/E ratio of 9.88, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same period last year, the firm earned $2.49 EPS. EOG Resources’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group reduced their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Sanford C. Bernstein cut their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Finally, Scotiabank cut their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Company 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.