Fulton Bank N.A. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,625 shares of the energy exploration company’s stock after selling 2,002 shares during the quarter. Fulton Bank N.A.’s holdings in EOG Resources were worth $1,512,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. IHT Wealth Management LLC raised its stake in shares of EOG Resources by 4.1% in the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after acquiring an additional 41 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after acquiring an additional 401 shares during the period. Winfield Associates Inc. raised its stake in shares of EOG Resources by 5.3% in the 1st quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after acquiring an additional 57 shares during the period. Exane Derivatives raised its stake in shares of EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after acquiring an additional 192 shares during the period. Finally, Citizens Financial Group Inc. RI raised its stake in shares of EOG Resources by 17.3% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock valued at $124,000 after acquiring an additional 187 shares during the period. 85.38% of the stock is currently owned by institutional investors.
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In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction dated Monday, August 14th. The stock was 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 $6,262,473.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total value 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. In the last quarter, insiders sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is owned by company insiders.
EOG Resources, Inc. (NYSE:EOG) traded up 0.67% during midday trading on Friday, hitting $97.57. 1,205,316 shares of the company’s stock traded hands. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37. The company’s market capitalization is $56.34 billion. The company has a 50 day moving average of $94.68 and a 200-day moving average of $91.66.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) EPS. Equities research analysts predict that EOG Resources, Inc. will post $0.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is -131.37%.
Several equities research analysts recently weighed in on EOG shares. BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Scotiabank set a $100.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.68.
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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