Intrust Bank NA Raises Stake in EOG Resources, Inc. (EOG)
Intrust Bank NA raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,735 shares of the company’s stock after acquiring an additional 493 shares during the quarter. Intrust Bank NA’s holdings in EOG Resources were worth $652,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. HM Payson & Co. bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $277,000. Global X MANAGEMENT CO LLC grew its stake in shares of EOG Resources by 12.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,916 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,227 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $561,000. Candriam Luxembourg S.C.A. grew its stake in shares of EOG Resources by 0.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 118,764 shares of the company’s stock worth $11,489,000 after acquiring an additional 654 shares in the last quarter. Finally, Pax World Management LLC grew its stake in shares of EOG Resources by 51.6% during the 3rd quarter. Pax World Management LLC now owns 176,248 shares of the company’s stock worth $17,050,000 after acquiring an additional 60,000 shares in the last quarter. 85.36% of the stock is owned by institutional investors.
EOG has been the subject of several research reports. Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Scotiabank reissued a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$108.79.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$106.65, for a total value of C$332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at C$8,576,259.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of C$97.03, for a total value of C$330,969.33. Following the completion of the transaction, the director now owns 53,196 shares in the company, valued at approximately C$5,161,607.88. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 in the last 90 days. 0.53% of the stock is owned by company insiders.
Shares of EOG Resources, Inc. (EOG) traded down C$0.28 during midday trading on Monday, hitting C$104.30. The company had a trading volume of 364,735 shares, compared to its average volume of 3,137,529. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources, Inc. has a 52 week low of C$81.99 and a 52 week high of C$109.37. The company has a market capitalization of $60,470.16, a PE ratio of 255.07, a P/E/G ratio of 14.97 and a beta of 0.99.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.19 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.12 by C$0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of C$2.64 billion for the quarter, compared to analysts’ expectations of C$2.59 billion. During the same quarter last year, the business earned ($0.40) earnings per share. EOG Resources’s revenue was up 24.8% on a year-over-year basis. research analysts anticipate that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, October 16th. EOG Resources’s payout ratio is currently 6,700.00%.
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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