Advisor Group Inc. Purchases 9,025 Shares of EOG Resources Inc (EOG)
Advisor Group Inc. lifted its position in shares of EOG Resources Inc (NYSE:EOG) by 38.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 32,457 shares of the energy exploration company’s stock after buying an additional 9,025 shares during the quarter. Advisor Group Inc.’s holdings in EOG Resources were worth $3,089,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in EOG Resources by 0.6% in the third quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after purchasing an additional 268,736 shares during the period. BlackRock Inc. grew its holdings in EOG Resources by 1.0% in the fourth quarter. BlackRock Inc. now owns 34,877,905 shares of the energy exploration company’s stock valued at $3,041,702,000 after purchasing an additional 361,848 shares during the period. Northern Trust Corp grew its holdings in EOG Resources by 2.5% in the fourth quarter. Northern Trust Corp now owns 7,867,393 shares of the energy exploration company’s stock valued at $686,115,000 after purchasing an additional 194,831 shares during the period. Geode Capital Management LLC grew its holdings in EOG Resources by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock valued at $591,653,000 after purchasing an additional 486,443 shares during the period. Finally, Norges Bank purchased a new stake in EOG Resources in the fourth quarter valued at approximately $504,826,000. Institutional investors and hedge funds own 86.75% of the company’s stock.
A number of equities research analysts recently issued reports on EOG shares. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Guggenheim reaffirmed a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research report on Friday, February 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research report on Wednesday, February 27th. Morgan Stanley reduced their price target on shares of EOG Resources from $106.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 27th. Finally, MKM Partners reduced their price target on shares of EOG Resources from $121.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $121.84.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources Inc will post 5.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, July 16th. EOG Resources’s payout ratio is presently 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
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EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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