EOG Resources, Inc. (EOG) Stake Increased by Independent Advisor Alliance
Independent Advisor Alliance boosted its position in EOG Resources, Inc. (NYSE:EOG) by 2.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,034 shares of the energy exploration company’s stock after buying an additional 530 shares during the period. Independent Advisor Alliance’s holdings in EOG Resources were worth $1,955,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of EOG Resources during the fourth quarter worth about $494,429,000. State Street Corp boosted its stake in EOG Resources by 8.1% in the fourth quarter. State Street Corp now owns 29,917,123 shares of the energy exploration company’s stock valued at $3,024,622,000 after buying an additional 2,242,792 shares during the last quarter. FMR LLC boosted its stake in EOG Resources by 9.5% in the fourth quarter. FMR LLC now owns 25,660,705 shares of the energy exploration company’s stock valued at $2,594,298,000 after buying an additional 2,217,857 shares during the last quarter. Jennison Associates LLC boosted its stake in EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in EOG Resources during the fourth quarter valued at $94,892,000. Institutional investors and hedge funds own 86.11% of the company’s stock.
EOG Resources, Inc. (EOG) opened at 88.52 on Friday. EOG Resources, Inc. has a one year low of $78.04 and a one year high of $109.37. The company has a 50 day moving average price of $91.24 and a 200-day moving average price of $97.64. The company’s market capitalization is $51.10 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.83) earnings per share. Analysts expect that EOG Resources, Inc. will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be paid a $0.1675 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.67 annualized dividend and a yield of 0.76%. EOG Resources’s payout ratio is -62.04%.
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Several research firms have weighed in on EOG. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Scotiabank set a $110.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, February 28th. KLR Group restated a “buy” rating and issued a $128.00 price objective on shares of EOG Resources in a research report on Wednesday, March 1st. Stifel Nicolaus restated a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, May 26th. Finally, Credit Suisse Group set a $108.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus price target of $107.58.
In related news, Director Frank G. Wisner sold 28,000 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $93.35, for a total value of $2,613,800.00. Following the sale, the director now directly owns 136,282 shares of the company’s stock, valued at $12,721,924.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.
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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