Putnam Investments LLC Reduces Holdings in EOG Resources Inc (EOG)

Putnam Investments LLC trimmed its holdings in shares of EOG Resources Inc (NYSE:EOG) by 32.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 859,718 shares of the energy exploration company’s stock after selling 420,418 shares during the period. Putnam Investments LLC owned 0.15% of EOG Resources worth $109,674,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Security National Bank increased its holdings in shares of EOG Resources by 2.3% in the 3rd quarter. Security National Bank now owns 28,860 shares of the energy exploration company’s stock worth $3,682,000 after acquiring an additional 649 shares during the period. Summit Global Investments increased its holdings in shares of EOG Resources by 574.0% in the 2nd quarter. Summit Global Investments now owns 35,384 shares of the energy exploration company’s stock worth $4,403,000 after acquiring an additional 30,134 shares during the period. Shaker Investments LLC OH increased its holdings in shares of EOG Resources by 47.4% in the 3rd quarter. Shaker Investments LLC OH now owns 9,200 shares of the energy exploration company’s stock worth $1,174,000 after acquiring an additional 2,960 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of EOG Resources by 0.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 520,060 shares of the energy exploration company’s stock worth $66,264,000 after acquiring an additional 4,699 shares during the period. Finally, Pittenger & Anderson Inc. increased its holdings in shares of EOG Resources by 11.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 17,520 shares of the energy exploration company’s stock worth $2,180,000 after acquiring an additional 1,815 shares during the period. 85.63% of the stock is currently owned by institutional investors.

In other news, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now owns 74,807 shares in the company, valued at approximately $9,533,404.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.51% of the company’s stock.

A number of brokerages recently issued reports on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Tuesday, October 23rd. Robert W. Baird reiterated a “buy” rating and issued a $133.00 target price on shares of EOG Resources in a research report on Monday, December 3rd. JPMorgan Chase & Co. upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and increased their target price for the company from $117.00 to $118.00 in a research report on Friday, December 7th. Morgan Stanley set a $132.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, October 12th. Finally, Credit Suisse Group upgraded shares of EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 target price for the company in a research report on Friday, November 16th. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. EOG Resources has an average rating of “Buy” and a consensus target price of $136.33.

NYSE:EOG opened at $100.08 on Friday. EOG Resources Inc has a twelve month low of $96.54 and a twelve month high of $133.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92. The stock has a market cap of $58.04 billion, a PE ratio of 89.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 80.8% on a year-over-year basis. Equities research analysts expect that EOG Resources Inc will post 5.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.88%. EOG Resources’s dividend payout ratio (DPR) is 78.57%.

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About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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

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