National Asset Management Inc. Has $254,000 Position in EOG Resources, Inc. (EOG)
National Asset Management Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,796 shares of the energy exploration company’s stock after acquiring an additional 119 shares during the period. National Asset Management Inc.’s holdings in EOG Resources were worth $254,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gagnon Securities LLC raised its holdings in 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 acquiring an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in 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 acquiring an additional 15 shares in the last quarter. Winfield Associates Inc. raised its holdings in 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 acquiring an additional 19 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in EOG Resources by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock worth $418,000 after acquiring an additional 23 shares in the last quarter. Finally, Bank of The West raised its holdings in 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 acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.
EOG Resources, Inc. (NYSE:EOG) traded up 0.16% during midday trading on Tuesday, reaching $97.37. The company’s stock had a trading volume of 157,703 shares. The stock has a 50-day moving average price of $92.40 and a 200 day moving average price of $91.67. The company’s market cap is $56.23 billion. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) earnings per share. Analysts expect that EOG Resources, Inc. will post $0.62 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. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is currently -131.37%.
In other news, insider Gary L. Thomas sold 25,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock valued at $3,700,882 over the last 90 days. Company insiders own 0.53% of the company’s stock.
Several analysts recently issued reports on EOG shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Barclays PLC reiterated an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $98.00 in a report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.28.
EOG Resources Company 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.
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (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.