Capital Innovations LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,565 shares of the energy exploration company’s stock, valued at approximately $413,000.
A number of other large investors have also recently bought and sold shares of EOG. Stonebridge Capital Advisors LLC raised its stake in shares of EOG Resources by 9.8% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 10,396 shares of the energy exploration company’s stock valued at $941,000 after acquiring an additional 925 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of EOG Resources by 29.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 53,843 shares of the energy exploration company’s stock valued at $4,874,000 after acquiring an additional 12,272 shares during the period. Quadrant Capital Group LLC raised its stake in shares of EOG Resources by 0.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after acquiring an additional 23 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of EOG Resources by 8.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 23,437 shares of the energy exploration company’s stock valued at $2,122,000 after acquiring an additional 1,772 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of EOG Resources by 623.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,906 shares of the energy exploration company’s stock valued at $1,621,000 after acquiring an additional 15,431 shares during the period. Institutional investors own 85.37% of the company’s stock.
In related news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock worth $3,700,882 in the last quarter. Insiders own 0.53% of the company’s stock.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) EPS. Equities research analysts forecast that EOG Resources, Inc. will post $0.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio is currently -131.37%.
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EOG has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th. Barclays PLC reissued an “overweight” rating and issued a $101.00 price target (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Citigroup Inc. downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $107.79.
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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