North American Management Corp Continues to Hold Stake in EOG Resources, Inc. (NYSE:EOG)

North American Management Corp continued to hold its stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,718 shares of the energy exploration company’s stock at the end of the second quarter. North American Management Corp’s holdings in EOG Resources were worth $337,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Argent Trust Co raised its stake in EOG Resources by 0.3% in the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock worth $521,000 after buying an additional 15 shares during the period. Guardian Life Insurance Co. of America raised its stake in EOG Resources by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock worth $217,000 after buying an additional 15 shares during the period. Capital Advisors Inc. OK raised its stake in EOG Resources by 0.3% in the first quarter. Capital Advisors Inc. OK now owns 5,943 shares of the energy exploration company’s stock worth $580,000 after buying an additional 16 shares during the period. Trust Co raised its stake in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in EOG Resources by 2.2% in the first quarter. Dubuque Bank & Trust Co. now owns 1,278 shares of the energy exploration company’s stock worth $125,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) traded up 0.03% during mid-day trading on Monday, reaching $91.90. The company’s stock had a trading volume of 4,129,138 shares. EOG Resources, Inc. has a 12 month low of $78.04 and a 12 month high of $109.37. The company has a 50 day moving average of $90.31 and a 200-day moving average of $96.67. The firm’s market capitalization is $53.05 billion.

EOG Resources (NYSE:EOG) last announced its earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.19 billion. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. EOG Resources’s revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.83) EPS. Equities research analysts forecast that EOG Resources, Inc. will post $0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, July 13th. EOG Resources’s payout ratio is currently -62.04%.

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A number of research firms have recently issued reports on EOG. Iberia Capital increased their target price on EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. UBS AG upgraded EOG Resources from a “neutral” rating to a “buy” rating and increased their target price for the company from $106.00 to $109.00 in a research note on Thursday, March 30th. Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Wednesday, May 10th. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $109.00 target price on shares of EOG Resources in a research note on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.37.

About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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