Hennessy Advisors Inc. Acquires Shares of 304,000 EOG Resources Inc. (EOG)
Hennessy Advisors Inc. acquired a new position in shares of EOG Resources Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 304,000 shares of the energy exploration company’s stock, valued at approximately $29,400,000. Hennessy Advisors Inc. owned 0.06% of EOG Resources as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors boosted its stake in EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock valued at $691,046,000 after buying an additional 1,578,007 shares during the last quarter. Capital Research Global Investors boosted its stake in EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock valued at $3,599,663,000 after buying an additional 1,423,493 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in EOG Resources during the second quarter valued at $102,011,000. Finally, Cohen & Steers Inc. boosted its stake in EOG Resources by 2,261.2% in the second quarter. Cohen & Steers Inc. now owns 1,015,327 shares of the energy exploration company’s stock valued at $20,439,000 after buying an additional 972,327 shares during the last quarter. 84.06% of the stock is owned by institutional investors.
EOG Resources Inc. (NYSE:EOG) traded down 1.95% during trading on Tuesday, reaching $91.65. The company had a trading volume of 1,016,478 shares. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $98.32. The firm’s 50 day moving average price is $93.64 and its 200 day moving average price is $88.15. The firm’s market capitalization is $52.83 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The company earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that EOG Resources Inc. will post ($1.76) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were issued a $0.1675 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.67 annualized dividend and a yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.
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A number of research firms have commented on EOG. Bank of America Corp. set a $100.00 price objective on EOG Resources and gave the stock a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a research note on Tuesday, August 9th. Barclays PLC lowered their price objective on EOG Resources from $104.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, August 8th. Deutsche Bank AG upgraded EOG Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $83.00 to $96.00 in a research note on Friday, August 5th. Finally, Royal Bank Of Canada raised their price objective on EOG Resources from $88.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Sixteen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $96.98.
In other EOG Resources news, VP Ann D. Janssen sold 1,064 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $96.73, for a total value of $102,920.72. Following the completion of the sale, the vice president now directly owns 56,473 shares in the company, valued at $5,462,633.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 8,473 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total transaction of $771,043.00. Following the completion of the sale, the executive vice president now owns 66,566 shares of the company’s stock, valued at $6,057,506. 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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