Hartford Investment Management Co. Has $4.40 Million Position in EOG Resources, Inc. (NYSE:EOG)

Hartford Investment Management Co. lessened its position in EOG Resources, Inc. (NYSE:EOG) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,780 shares of the energy exploration company’s stock after selling 1,005 shares during the period. Hartford Investment Management Co.’s holdings in EOG Resources were worth $4,398,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources in the third quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $28,000. Eastern Bank acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP bought a new stake in EOG Resources during the 2nd quarter worth approximately $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.3 %

NYSE:EOG opened at $124.73 on Thursday. The firm has a market capitalization of $71.68 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The business’s 50-day moving average price is $126.12 and its two-hundred day moving average price is $126.91. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank cut their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. KeyCorp cut their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Wolfe Research started coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.20.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred 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 transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the 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 sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock worth $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Company Profile

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.