Boston Common Asset Management LLC Has $7,180,000 Position in EOG Resources Inc. (EOG)
Boston Common Asset Management LLC boosted its position in shares of EOG Resources Inc. (NYSE:EOG) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,241 shares of the energy exploration company’s stock after buying an additional 592 shares during the period. Boston Common Asset Management LLC’s holdings in EOG Resources were worth $7,180,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its stake in EOG Resources by 1.2% in the second quarter. Gulf International Bank UK Ltd now owns 165,693 shares of the energy exploration company’s stock worth $13,822,000 after buying an additional 1,900 shares in the last quarter. LGT Capital Partners LTD. raised its stake in EOG Resources by 10.4% in the second quarter. LGT Capital Partners LTD. now owns 94,990 shares of the energy exploration company’s stock worth $7,924,000 after buying an additional 8,950 shares in the last quarter. Trust Co raised its stake in EOG Resources by 14.9% in the first quarter. Trust Co now owns 3,699 shares of the energy exploration company’s stock worth $268,000 after buying an additional 481 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in EOG Resources by 11.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 770,919 shares of the energy exploration company’s stock worth $64,310,000 after buying an additional 81,356 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in EOG Resources by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 142,439 shares of the energy exploration company’s stock worth $11,882,000 after buying an additional 8,556 shares in the last quarter. 84.06% of the stock is owned by institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) traded up 10.30% during mid-day trading on Wednesday, reaching $101.96. The company had a trading volume of 6,754,843 shares. The company’s market cap is $58.78 billion. EOG Resources Inc. has a 52-week low of $57.15 and a 52-week high of $103.07. The firm’s 50-day moving average price is $93.64 and its 200 day moving average price is $88.15.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The firm earned $2.12 billion during the quarter, compared to the consensus estimate of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. Equities analysts expect that EOG Resources Inc. will post ($1.76) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were paid 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. Wunderlich upped their target price on EOG Resources from $104.00 to $110.00 and gave the company a “buy” rating in a report on Friday, October 7th. CLSA upgraded EOG Resources from an “underperform” rating to an “outperform” rating in a report on Tuesday, November 15th. Societe Generale downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $107.42 target price on the stock in a report on Monday. Finally, Robert W. Baird upped their target price on EOG Resources from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday, November 22nd. 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 stock. The stock has an average rating of “Buy” and an average target price of $96.98.
In other news, Director Frank G. Wisner sold 2,026 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the completion of the sale, the director now directly 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 is accessible through this hyperlink. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at $46,686,850.76. 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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