Dimensional Fund Advisors LP Sells 205,400 Shares of EOG Resources, Inc. (EOG)
Dimensional Fund Advisors LP reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195,829 shares of the energy exploration company’s stock after selling 205,400 shares during the period. Dimensional Fund Advisors LP owned approximately 0.21% of EOG Resources worth $108,245,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. BlackRock Inc. grew its position in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after acquiring an additional 34,114,299 shares in the last quarter. Ameriprise Financial Inc. raised its position in EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares during the period. UBS Asset Management Americas Inc. raised its position in EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after purchasing an additional 1,452,947 shares during the period. Findlay Park Partners LLP purchased a new stake in EOG Resources during the second quarter valued at approximately $120,097,000. Finally, Vanguard Group Inc. raised its position in EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after purchasing an additional 1,058,276 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.
EOG Resources, Inc. (NYSE EOG) opened at 97.18 on Tuesday. The stock’s market capitalization is $56.12 billion. The company has a 50-day moving average of $89.20 and a 200-day moving average of $91.59. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. Analysts anticipate that EOG Resources, Inc. will post $0.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is currently -131.37%.
In other news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now directly owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the sale, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is owned by insiders.
Several equities analysts have recently weighed in on EOG shares. Imperial Capital began coverage on EOG Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $115.00 target price on the stock. Piper Jaffray Companies dropped their price objective on shares of EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $106.00 in a research report on Tuesday, September 12th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $89.00 target price (down previously from $101.00) on shares of EOG Resources in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $107.84.
About EOG Resources
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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