Victory Capital Management Inc. Boosts Stake in EOG Resources Inc. (EOG)
Victory Capital Management Inc. increased its stake in EOG Resources Inc. (NYSE:EOG) by 1,083.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 549,326 shares of the energy exploration company’s stock after buying an additional 502,890 shares during the period. Victory Capital Management Inc. owned about 0.10% of EOG Resources worth $53,126,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank N.A. raised its position in shares of EOG Resources by 0.6% in the third quarter. Community Bank N.A. now owns 3,756 shares of the energy exploration company’s stock valued at $364,000 after buying an additional 21 shares during the period. MAI Capital Management raised its stake in EOG Resources by 0.9% in the second quarter. MAI Capital Management now owns 2,907 shares of the energy exploration company’s stock valued at $243,000 after buying an additional 26 shares during the last quarter. Quadrant Capital Group LLC raised its stake in EOG Resources by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 2,890 shares of the energy exploration company’s stock valued at $270,000 after buying an additional 34 shares during the last quarter. Citizens Financial Group Inc RI raised its stake in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock valued at $140,000 after buying an additional 38 shares during the last quarter. Finally, Tdam USA Inc. raised its stake in EOG Resources by 0.9% in the third quarter. Tdam USA Inc. now owns 6,455 shares of the energy exploration company’s stock valued at $624,000 after buying an additional 55 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 90.5301 on Tuesday. The stock’s 50 day moving average is $93.64 and its 200 day moving average is $88.15. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $98.32. The company’s market capitalization is $52.19 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. On average, equities analysts predict that EOG Resources Inc. will post ($1.76) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 17th were paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, October 13th. EOG Resources’s dividend payout ratio is presently -29.65%.
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Several analysts have issued reports on the stock. Clsa Americas upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Monday, November 14th. CLSA upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 15th. restated a “sell” rating on shares of EOG Resources in a research report on Tuesday, August 16th. Credit Suisse Group AG restated a “hold” rating and set a $90.00 price target on shares of EOG Resources in a research report on Tuesday, August 9th. Finally, Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Sixteen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $96.98.
In related news, Director Frank G. Wisner sold 2,026 shares of EOG Resources stock in a transaction on Monday, September 12th. The shares were sold at an average price of $92.65, for a total transaction of $187,708.90. Following the transaction, the director now owns 113,125 shares in the company, valued at approximately $10,481,031.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ann D. Janssen sold 1,064 shares of EOG Resources stock in a transaction on Friday, September 30th. The shares were sold at an average price of $96.73, for a total transaction of $102,920.72. Following the transaction, the vice president now owns 56,473 shares in the company, valued at approximately $5,462,633.29. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
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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