Advisory Services Network LLC raised its position in shares of EOG Resources Inc. (NYSE:EOG) by 27.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,623 shares of the energy exploration company’s stock after buying an additional 562 shares during the period. Advisory Services Network LLC’s holdings in EOG Resources were worth $219,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Community Bank & Trust Waco Texas purchased a new position in EOG Resources during the second quarter worth $217,000. First National Trust Co. increased its position in EOG Resources by 8.0% in the second quarter. First National Trust Co. now owns 7,681 shares of the energy exploration company’s stock worth $641,000 after buying an additional 567 shares during the period. ING Groep NV purchased a new position in EOG Resources during the second quarter worth $450,000. Tokio Marine Asset Management Co. Ltd. increased its position in EOG Resources by 0.7% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,226 shares of the energy exploration company’s stock worth $4,106,000 after buying an additional 329 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in EOG Resources by 8.6% in the second quarter. Essex Investment Management Co. LLC now owns 81,197 shares of the energy exploration company’s stock worth $6,773,000 after buying an additional 6,433 shares during the period. 89.44% of the stock is currently owned by institutional investors.
EOG Resources Inc. (NYSE:EOG) traded down 0.72% during trading on Friday, hitting $96.44. 1,742,934 shares of the stock traded hands. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $98.32. The firm’s market cap is $53.10 billion. The firm has a 50-day moving average price of $92.16 and a 200 day moving average price of $83.92.
EOG Resources (NYSE:EOG) last announced its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.57 billion. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The business’s revenue was down 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. On average, equities analysts forecast that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s dividend payout ratio is -7.14%.
A number of research firms recently weighed in on EOG. Barclays PLC upped their price target on EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, July 14th. Royal Bank Of Canada upped their price target on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 7th. Credit Agricole SA upped their price target on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 7th. FBR & Co initiated coverage on EOG Resources in a research note on Tuesday, September 13th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $90.00 price objective on shares of EOG Resources in a research note on Monday, September 12th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $92.22.
In related news, VP Ann D. Janssen sold 1,310 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the sale, the vice president now directly owns 54,073 shares of the company’s stock, valued at approximately $5,089,891.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the completion of the sale, the director now directly owns 113,125 shares in the company, valued at $10,481,031.25. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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