EOG Resources Inc. (EOG) Position Increased by Standard Life Investments LTD
Standard Life Investments LTD boosted its stake in shares of EOG Resources Inc. (NYSE:EOG) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,287,396 shares of the energy exploration company’s stock after buying an additional 11,502 shares during the period. Standard Life Investments LTD owned about 0.42% of EOG Resources worth $190,769,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC increased its stake in shares of EOG Resources by 38.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,575 shares of the energy exploration company’s stock valued at $187,000 after buying an additional 720 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in shares of EOG Resources during the second quarter valued at about $209,000. Rehmann Capital Advisory Group purchased a new stake in shares of EOG Resources during the second quarter valued at about $210,000. Community Bank & Trust Waco Texas purchased a new stake in shares of EOG Resources during the second quarter valued at about $217,000. Finally, Advisory Services Network LLC increased its stake in shares of EOG Resources by 27.3% in the second quarter. Advisory Services Network LLC now owns 2,623 shares of the energy exploration company’s stock valued at $219,000 after buying an additional 562 shares during the period. 89.44% of the stock is currently owned by institutional investors.
EOG Resources Inc. (NYSE:EOG) traded down 0.62% during mid-day trading on Monday, hitting $96.11. 2,318,565 shares of the stock traded hands. The company has a 50 day moving average price of $91.35 and a 200-day moving average price of $83.17. EOG Resources Inc. has a one year low of $57.15 and a one year high of $97.20. The stock’s market capitalization is $52.92 billion.
EOG Resources (NYSE:EOG) last announced its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.10. The business earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. EOG Resources’s revenue was down 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities analysts anticipate that EOG Resources Inc. will post ($1.67) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is -7.14%.
Several analysts have issued reports on EOG shares. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Monday, July 18th. Citigroup Inc. boosted their target price on shares of EOG Resources from $88.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Deutsche Bank AG upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from $83.00 to $96.00 in a report on Friday, August 5th. Wunderlich upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from $79.00 to $104.00 in a report on Monday, August 8th. Finally, FBR & Co set a $108.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources presently has an average rating of “Hold” and an average target price of $91.96.
In other EOG Resources news, VP Ann D. Janssen sold 1,310 shares of EOG Resources stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the completion of the sale, the vice president now owns 54,073 shares in the company, valued at approximately $5,089,891.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of EOG Resources stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the completion of the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
About EOG Resources
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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