Prudential Financial Inc. raised its stake in EOG Resources Inc (NYSE:EOG) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 817,326 shares of the energy exploration company’s stock after purchasing an additional 4,870 shares during the quarter. Prudential Financial Inc. owned about 0.14% of EOG Resources worth $79,069,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in EOG. Quadrant Capital Group LLC grew its stake in shares of EOG Resources by 0.5% during the second 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 in the last quarter. Frontier Wealth Management LLC grew its stake in shares of EOG Resources by 2.5% during the second quarter. Frontier Wealth Management LLC now owns 2,361 shares of the energy exploration company’s stock valued at $214,000 after acquiring an additional 58 shares in the last quarter. Wunderlich Capital Managemnt grew its stake in shares of EOG Resources by 3.1% during the second quarter. Wunderlich Capital Managemnt now owns 2,887 shares of the energy exploration company’s stock valued at $261,000 after acquiring an additional 87 shares in the last quarter. National Asset Management Inc. grew its stake in shares of EOG Resources by 4.4% during the second quarter. National Asset Management Inc. now owns 2,796 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 119 shares in the last quarter. Finally, Gofen & Glossberg LLC IL grew its stake in EOG Resources by 1.8% in the second quarter. Gofen & Glossberg LLC IL now owns 7,863 shares of the energy exploration company’s stock worth $712,000 after purchasing an additional 137 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.
EOG has been the subject of a number of research reports. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Piper Jaffray Companies decreased their price target on EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Imperial Capital initiated coverage on EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $111.18.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted ($0.40) earnings per share. EOG Resources’s revenue was up 24.8% on a year-over-year basis. equities analysts expect that EOG Resources Inc will post 0.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.60%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In other news, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders sold 133,726 shares of company stock worth $1,921,181 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
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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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