Tokio Marine Asset Management Co. Ltd. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,622 shares of the energy exploration company’s stock after selling 1,558 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $2,479,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC increased its position in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources during the third quarter worth approximately $101,000. Winfield Associates Inc. increased its position in shares of EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares in the last quarter. Exane Derivatives increased its position in shares of EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 192 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of EOG Resources by 17.3% during the first quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock worth $124,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) EPS.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio is presently -131.37%.
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EOG has been the subject of several research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, July 14th. Barclays PLC reiterated 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. cut EOG Resources from a “buy” rating to a “neutral” rating and dropped 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 EOG Resources and gave the stock a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and an average price target of $108.68.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now owns 74,316 shares in the company, valued at $7,245,810. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is currently owned by insiders.
EOG Resources Company 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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