Northern Trust Corp lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,001,255 shares of the energy exploration company’s stock after purchasing an additional 638,183 shares during the period. Northern Trust Corp owned approximately 1.39% of EOG Resources worth $724,272,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Gagnon Securities LLC raised its position in shares of EOG Resources by 0.3% during the second quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock worth $273,000 after purchasing an additional 8 shares during the period. Argent Trust Co raised its position in shares of EOG Resources by 0.3% during the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock worth $521,000 after purchasing an additional 15 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of EOG Resources by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock worth $217,000 after purchasing an additional 15 shares during the period. Winfield Associates Inc. raised its position in shares of EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares during the period. Finally, Bank of The West raised its position in shares of EOG Resources by 0.8% during the second quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock worth $339,000 after purchasing an additional 28 shares during the period. 85.37% of the stock is currently owned by institutional investors.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were 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 $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

A number of research analysts have recently weighed in on the company. Barclays PLC reiterated an “overweight” rating and set a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Scotiabank reiterated a “hold” rating and set a $100.00 price target on shares of EOG Resources in a report on Thursday, August 3rd. 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. Finally, BMO Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of EOG Resources in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $107.54.

ILLEGAL ACTIVITY WARNING: “EOG Resources, Inc. (EOG) Stake Raised by Northern Trust Corp” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/eog-resources-inc-eog-stake-raised-by-northern-trust-corp/1578305.html.

Shares of EOG Resources, Inc. (NYSE EOG) traded down 0.42% on Thursday, reaching $93.78. The company’s stock had a trading volume of 574,120 shares. The company’s market cap is $54.15 billion. The firm has a 50 day moving average of $87.81 and a 200 day moving average of $91.61. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) EPS. Analysts predict that EOG Resources, Inc. will post $0.60 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be paid a $0.1675 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.71%. EOG Resources’s dividend payout ratio is -131.37%.

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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.