Van ECK Associates Corp cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,652,364 shares of the energy exploration company’s stock after selling 3,582 shares during the period. Van ECK Associates Corp owned approximately 0.29% of EOG Resources worth $149,572,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in 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 worth $101,000 after purchasing an additional 41 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after purchasing an additional 401 shares during the last quarter. Advantage Investment Management LLC lifted its stake in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 154 shares during the last quarter. Winfield Associates Inc. lifted its stake in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after purchasing an additional 57 shares during the last quarter. Finally, Exane Derivatives lifted its stake in EOG Resources by 19.8% in 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 during the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.
Shares of EOG Resources, Inc. (NYSE:EOG) traded down 0.25% on Wednesday, hitting $92.90. 547,819 shares of the stock traded hands. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The stock’s market cap is $53.64 billion. The stock’s 50 day moving average price is $87.81 and its 200 day moving average price is $91.61.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business 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 period last year, the business posted ($0.38) EPS. On average, equities analysts expect that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is -131.37%.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.
Several research firms have weighed in on EOG. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a research note on Friday, May 26th. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Credit Suisse Group set a $108.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research note on Friday, June 2nd. 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 Thursday, August 3rd. Finally, Atlantic Securities upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $98.00 to $100.00 in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.54.
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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