Cypress Asset Management Inc. TX Lowers Holdings in EOG Resources, Inc. (EOG)

Cypress Asset Management Inc. TX cut its position in EOG Resources, Inc. (NYSE:EOG) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,559 shares of the energy exploration company’s stock after selling 1,980 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in EOG Resources were worth $1,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of EOG Resources by 4.1% during the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after purchasing an additional 41 shares during the period. Baker Ellis Asset Management LLC bought a new position in EOG Resources in the 3rd quarter worth about $101,000. Winfield Associates Inc. increased its stake in EOG Resources by 1.7% in the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the last quarter. First Personal Financial Services increased its stake in EOG Resources by 53.6% in the 2nd quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after acquiring an additional 479 shares during the last quarter. Finally, Fis Group Inc. bought a new position in EOG Resources in the 3rd quarter worth about $130,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

A number of research firms have recently issued reports on EOG. Jefferies Group LLC reiterated a “hold” rating and issued a $101.00 price objective on shares of EOG Resources in a report on Wednesday, August 16th. Stifel Nicolaus set a $106.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Royal Bank Of Canada set a $107.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $95.00 target price on shares of EOG Resources in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $108.79.

In other news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were 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 owns 53,196 shares in the company, valued at approximately $5,161,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock valued at $3,717,390 in the last 90 days. Insiders own 0.53% of the company’s stock.

EOG Resources, Inc. (NYSE EOG) traded up $0.23 during mid-day trading on Monday, reaching $101.87. 644,944 shares of the company’s stock were exchanged, compared to its average volume of 3,122,039. The firm has a market cap of $58,770.00, a P/E ratio of 247.90, a price-to-earnings-growth ratio of 14.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.40) EPS. analysts anticipate that EOG Resources, Inc. will post 0.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio is currently 6,700.00%.

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About EOG Resources

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.

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

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