Mutual of America Capital Management LLC Sells 1,972 Shares of EOG Resources, Inc. (NYSE:EOG)

Mutual of America Capital Management LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 71,187 shares of the energy exploration company’s stock after selling 1,972 shares during the quarter. Mutual of America Capital Management LLC’s holdings in EOG Resources were worth $9,129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC increased its holdings in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after purchasing an additional 106,677 shares during the period. ARGA Investment Management LP increased its holdings in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock worth $1,724,000 after purchasing an additional 2,616 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock worth $2,609,000 after purchasing an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after purchasing an additional 44,687 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after purchasing an additional 8,127 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EOG shares. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Raymond James Financial lifted their target price on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Finally, Bank of America decreased their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.62.

EOG Resources Price Performance

Shares of EOG stock opened at $116.68 on Thursday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm’s 50 day moving average is $119.36 and its 200-day moving average is $120.23. The firm has a market capitalization of $63.68 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 9.02 and a beta of 0.80. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

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.