UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 179,611 Shares of EOG Resources, Inc. (NYSE:EOG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,908,413 shares of the energy exploration company’s stock after selling 179,611 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of EOG Resources worth $357,531,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. DRW Securities LLC boosted its holdings in EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after acquiring an additional 13,324 shares during the period. Caprock Group LLC boosted its holdings in EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after acquiring an additional 862 shares during the period. University of Texas Texas AM Investment Management Co. boosted its holdings in EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock valued at $1,370,000 after acquiring an additional 10,618 shares during the period. KBC Group NV boosted its holdings in EOG Resources by 11.4% during the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock valued at $14,645,000 after acquiring an additional 12,210 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings 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 acquiring an additional 3,251 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.4 %

Shares of NYSE:EOG opened at $133.09 on Friday. The business’s 50-day moving average is $128.67 and its 200 day moving average is $126.27. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a market capitalization of $74.86 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. Morgan Stanley dropped their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $144.20.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

EOG Resources 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.