Amarillo National Bank purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,639 shares of the energy exploration company’s stock, valued at approximately $642,000.
A number of other institutional investors and hedge funds have also bought and sold shares of EOG. Intl Fcstone Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter worth about $797,000. Lord Abbett & CO. LLC lifted its position in EOG Resources by 11.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 759,077 shares of the energy exploration company’s stock worth $68,712,000 after acquiring an additional 78,934 shares in the last quarter. Sentry Investment Management LLC lifted its position in EOG Resources by 104.4% during the 2nd quarter. Sentry Investment Management LLC now owns 45,835 shares of the energy exploration company’s stock worth $4,149,000 after acquiring an additional 23,407 shares in the last quarter. Toronto Dominion Bank lifted its position in EOG Resources by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 198,397 shares of the energy exploration company’s stock worth $17,955,000 after acquiring an additional 40,054 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in EOG Resources by 16.4% during the 2nd quarter. Cetera Investment Advisers now owns 7,502 shares of the energy exploration company’s stock worth $681,000 after acquiring an additional 1,055 shares in the last quarter. Institutional investors own 85.38% of the company’s stock.
A number of brokerages have issued reports on EOG. Imperial Capital began coverage on EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley set a $116.00 target price on EOG Resources and gave the company a “buy” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. upped their price target on EOG Resources from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada set a $107.00 price target on EOG Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $108.68.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.57% during trading on Friday, reaching $97.47. The company’s stock had a trading volume of 1,457,170 shares. The company’s market cap is $56.28 billion. The firm’s 50-day moving average is $94.68 and its 200 day moving average is $91.66. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly 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). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business posted ($0.38) earnings per share. The business’s revenue was up 47.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post $0.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s payout ratio is currently -131.37%.
In other news, Director Charles R. Crisp sold 3,411 shares of the firm’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 completion of the sale, the director now directly owns 53,196 shares in the company, valued at approximately $5,161,607.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,578 shares of company stock valued at $3,700,882. Company insiders own 0.53% of the company’s stock.
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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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