EOG Resources Inc (EOG) Shares Sold by CIBC Private Wealth Group LLC

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CIBC Private Wealth Group LLC lowered its holdings in EOG Resources Inc (NYSE:EOG) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,002,895 shares of the energy exploration company’s stock after selling 148,356 shares during the quarter. CIBC Private Wealth Group LLC owned 0.17% of EOG Resources worth $87,464,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EOG. Capital International Investors raised its position in EOG Resources by 340.9% in the third quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock valued at $2,590,507,000 after purchasing an additional 15,701,069 shares during the period. FMR LLC grew its stake in shares of EOG Resources by 17.5% in the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock valued at $3,199,115,000 after buying an additional 3,822,930 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of EOG Resources by 37.1% in the third quarter. Franklin Resources Inc. now owns 2,502,866 shares of the energy exploration company’s stock valued at $319,291,000 after buying an additional 677,829 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of EOG Resources in the third quarter valued at $79,412,000. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new stake in shares of EOG Resources in the third quarter valued at $78,966,000. Institutional investors own 86.41% of the company’s stock.

EOG opened at $92.50 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. The company has a market cap of $53.64 billion, a price-to-earnings ratio of 82.59, a P/E/G ratio of 1.49 and a beta of 1.34. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, January 16th. EOG Resources’s dividend payout ratio is presently 78.57%.

In other EOG Resources news, EVP Ezra Y. Yacob sold 2,388 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total transaction of $235,862.76. Following the transaction, the executive vice president now owns 45,424 shares in the company, valued at approximately $4,486,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank G. Wisner sold 3,150 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the transaction, the director now owns 116,586 shares in the company, valued at approximately $10,795,863.60. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on EOG shares. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Tuesday, October 16th. Piper Jaffray Companies set a $156.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co began coverage on EOG Resources in a research note on Wednesday, October 24th. They set a “market perform” rating and a $154.00 target price for the company. ValuEngine cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Finally, JPMorgan Chase & Co. boosted their target price on EOG Resources from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus price target of $131.04.

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EOG Resources Company Profile

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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