Nicollet Investment Management Inc. Sells 441 Shares of EOG Resources, Inc. (NYSE:EOG)

Nicollet Investment Management Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,054 shares of the energy exploration company’s stock after selling 441 shares during the period. EOG Resources makes up 1.2% of Nicollet Investment Management Inc.’s portfolio, making the stock its 29th largest position. Nicollet Investment Management Inc.’s holdings in EOG Resources were worth $3,279,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in EOG Resources in the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources during the 2nd quarter valued at $28,000. Gladius Capital Management LP bought a new stake in EOG Resources in the 2nd quarter worth $30,000. Sachetta LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at about $33,000. Finally, Triad Wealth Partners LLC bought a new position in shares of EOG Resources during the second quarter valued at about $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on EOG shares. Citigroup raised their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Sanford C. Bernstein reduced their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Finally, Scotiabank dropped their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.95.

EOG Resources Stock Performance

Shares of EOG opened at $118.97 on Wednesday. The business has a 50-day simple moving average of $126.39 and a two-hundred day simple moving average of $126.23. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a market cap of $67.65 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 3.01 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the firm posted $2.49 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.06%. EOG Resources’s payout ratio is 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate insiders.

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.