Northwestern Mutual Investment Management Company LLC Buys 8,253 Shares of EOG Resources Inc. (EOG)
Northwestern Mutual Investment Management Company LLC increased its position in shares of EOG Resources Inc. (NYSE:EOG) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,575 shares of the energy exploration company’s stock after buying an additional 8,253 shares during the period. EOG Resources accounts for about 0.9% of Northwestern Mutual Investment Management Company LLC’s holdings, making the stock its 25th largest position. Northwestern Mutual Investment Management Company LLC owned 0.09% of EOG Resources worth $40,090,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of EOG. Mason Street Advisors LLC acquired a new stake in EOG Resources during the second quarter worth approximately $6,183,000. Northwestern Mutual Wealth Management Co. boosted its stake in EOG Resources by 258.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,269 shares of the energy exploration company’s stock worth $1,024,000 after buying an additional 8,847 shares during the period. Harbour Capital Advisors LLC acquired a new stake in EOG Resources during the second quarter worth approximately $490,000. CAPROCK Group Inc. acquired a new stake in EOG Resources during the second quarter worth approximately $252,000. Finally, Gagnon Securities LLC acquired a new stake in EOG Resources during the second quarter worth approximately $306,000. 89.70% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 91.41 on Monday. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $98.32. The company has a 50 day moving average price of $93.54 and a 200 day moving average price of $87.04. The stock’s market cap is $52.69 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business earned $0.02 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that EOG Resources Inc. will post ($1.72) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, October 13th. EOG Resources’s payout ratio is currently -29.65%.
A number of research firms have commented on EOG. Royal Bank Of Canada increased their price target on EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 7th. Bank of America Corp. restated a “hold” rating and issued a $110.00 price objective on shares of EOG Resources in a research note on Friday, November 4th. Credit Agricole SA raised their price objective on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 7th. FBR & Co assumed coverage on EOG Resources in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $108.00 price objective for the company. Finally, Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $95.69.
In other EOG Resources news, CEO William R. Thomas sold 16,581 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 502,766 shares in the company, valued at approximately $46,686,850.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ann D. Janssen sold 1,310 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the sale, the vice president now owns 54,073 shares in the company, valued at approximately $5,089,891.49. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
EOG Resources Company Profile
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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