Williams Jones & Associates LLC Reduces Position in EOG Resources, Inc. (EOG)
Williams Jones & Associates LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 445,644 shares of the energy exploration company’s stock after selling 15,464 shares during the quarter. Williams Jones & Associates LLC owned about 0.08% of EOG Resources worth $40,340,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Capital Research Global Investors increased its stake in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after purchasing an additional 5,368,941 shares in the last quarter. Capital World Investors boosted its holdings in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after acquiring an additional 1,568,085 shares in the last quarter. AHL Partners LLP boosted its holdings in EOG Resources by 38.5% in the second quarter. AHL Partners LLP now owns 4,858 shares of the energy exploration company’s stock worth $440,000 after acquiring an additional 1,350 shares in the last quarter. GLG Partners LP purchased a new stake in shares of EOG Resources in the second quarter worth $7,794,000. Finally, Zurich Insurance Group Ltd FI grew its stake in shares of EOG Resources by 36.2% in the second quarter. Zurich Insurance Group Ltd FI now owns 111,010 shares of the energy exploration company’s stock worth $10,049,000 after acquiring an additional 29,534 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) traded down 0.07% during midday trading on Monday, hitting $96.67. 957,028 shares of the stock traded hands. The company has a 50-day moving average price of $87.81 and a 200 day moving average price of $91.61. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37. The stock’s market cap is $55.82 billion.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the firm posted ($0.38) EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources, Inc. will post $0.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s dividend payout ratio is presently -131.37%.
Several analysts have commented on EOG shares. Imperial Capital began coverage on EOG Resources in a research note on Thursday. They set an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and an average price target of $107.84.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.
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EOG Resources Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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