Capital Research Global Investors Boosts Holdings in EOG Resources, Inc. (EOG)
Capital Research Global Investors lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,839,695 shares of the energy exploration company’s stock after acquiring an additional 5,368,941 shares during the quarter. EOG Resources accounts for about 1.2% of Capital Research Global Investors’ portfolio, making the stock its 20th largest position. Capital Research Global Investors owned 7.25% of EOG Resources worth $3,787,329,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Gagnon Securities LLC raised its holdings in shares of EOG Resources by 0.3% in the 2nd quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after purchasing an additional 8 shares in the last quarter. Argent Trust Co increased its holdings in EOG Resources by 0.3% in the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock valued at $521,000 after buying an additional 15 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in EOG Resources by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after buying an additional 15 shares in the last quarter. Winfield Associates Inc. raised its stake in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares in the last quarter. Finally, Bank of The West raised its stake in EOG Resources by 0.8% in the second quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after buying an additional 28 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on EOG shares. Barclays PLC reaffirmed an “overweight” rating and issued a $101.00 price target (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Scotiabank restated a “hold” rating and set a $100.00 price objective on shares of EOG Resources in a research report on Thursday, August 3rd. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Imperial Capital initiated coverage on shares of EOG Resources in a report on Thursday. They issued an “outperform” rating and a $115.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $107.84.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.
Shares of EOG Resources, Inc. (NYSE:EOG) traded down 0.81% during midday trading on Monday, hitting $95.96. The stock had a trading volume of 725,119 shares. The firm has a 50 day moving average of $87.81 and a 200-day moving average of $91.61. The company’s market cap is $55.41 billion. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the business earned ($0.38) earnings per share. The company’s revenue was up 47.1% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post $0.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, 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 is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.
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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