Page Arthur B acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,880 shares of the energy exploration company’s stock, valued at approximately $375,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. WINTON GROUP Ltd raised its position in shares of EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after purchasing an additional 4,144 shares during the period. Israel Discount Bank of New York bought a new position in shares of EOG Resources in the first quarter valued at about $556,000. Assenagon Asset Management S.A. bought a new position in shares of EOG Resources in the third quarter valued at about $4,649,000. Wendell David Associates Inc. raised its position in shares of EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after purchasing an additional 600 shares during the period. Finally, Usca Ria LLC raised its position in shares of EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after purchasing an additional 10,939 shares during the period. 85.38% of the stock is currently owned by institutional investors.
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EOG Resources, Inc. (EOG) traded up 1.01% during midday trading on Monday, reaching $99.46. 1,435,275 shares of the company traded hands. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37. The stock’s 50 day moving average is $95.20 and its 200 day moving average is $91.70. The company’s market capitalization is $57.43 billion.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.38) EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post $0.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio is currently -131.37%.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is owned by insiders.
EOG has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $112.00 to $98.00 in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research report on Sunday, July 16th. Two research 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 company currently has a consensus rating of “Buy” and a consensus price target of $108.68.
EOG Resources Profile
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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