Robeco Institutional Asset Management B.V. Sells 176,073 Shares of EOG Resources, Inc. (NYSE:EOG)

Robeco Institutional Asset Management B.V. cut its holdings in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 56.1% during the 3rd quarter, Holdings Channel reports. The firm owned 137,612 shares of the energy exploration company’s stock after selling 176,073 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in EOG Resources were worth $15,375,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cairn Investment Group Inc. grew its stake in shares of EOG Resources by 19.2% in the third quarter. Cairn Investment Group Inc. now owns 9,620 shares of the energy exploration company’s stock worth $1,075,000 after purchasing an additional 1,550 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of EOG Resources by 23.5% in the third quarter. Russell Investments Group Ltd. now owns 359,218 shares of the energy exploration company’s stock worth $40,172,000 after purchasing an additional 68,282 shares during the last quarter. Personal Capital Advisors Corp grew its stake in shares of EOG Resources by 30.9% in the third quarter. Personal Capital Advisors Corp now owns 3,090 shares of the energy exploration company’s stock worth $345,000 after purchasing an additional 730 shares during the last quarter. Seeyond grew its stake in shares of EOG Resources by 72.1% in the second quarter. Seeyond now owns 8,324 shares of the energy exploration company’s stock worth $919,000 after purchasing an additional 3,487 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of EOG Resources by 324.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,780 shares of the energy exploration company’s stock worth $2,405,000 after purchasing an additional 16,650 shares during the last quarter. 87.40% of the stock is owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $102.75 on Friday. EOG Resources, Inc. has a twelve month low of $92.16 and a twelve month high of $150.88. The firm has a market cap of $60.39 billion, a P/E ratio of 7.78, a PEG ratio of 0.30 and a beta of 1.52. The company has a 50 day moving average of $123.48 and a 200 day moving average of $127.04. The company has a quick ratio of 1.71, a current ratio of 1.90 and a debt-to-equity ratio of 0.15.

EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. EOG Resources’s revenue was up 11.2% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 12.58 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a yield of 3.21%. EOG Resources’s payout ratio is currently 24.98%.

Insider Buying and Selling

In related news, Director Michael T. Kerr bought 20,000 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was acquired at an average price of $130.49 per share, with a total value of $2,609,800.00. Following the transaction, the director now owns 170,000 shares in the company, valued at approximately $22,183,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on EOG. TD Securities cut their target price on EOG Resources from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, March 8th. Wells Fargo & Company lowered their price objective on shares of EOG Resources from $167.00 to $158.00 and set an “overweight” rating for the company in a report on Wednesday, March 8th. Johnson Rice lowered shares of EOG Resources from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $177.00 to $163.00 in a report on Monday, December 5th. Credit Suisse Group lowered their price objective on shares of EOG Resources from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $156.00 to $153.00 and set an “overweight” rating for the company in a report on Friday, January 27th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $154.18.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.