Clinton Group Inc. Has $1.30 Million Holdings in EOG Resources, Inc. (EOG)
Clinton Group Inc. decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 65.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,321 shares of the energy exploration company’s stock after selling 27,267 shares during the quarter. Clinton Group Inc.’s holdings in EOG Resources were worth $1,296,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in EOG Resources by 2.6% in the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares in the last quarter. BlackRock Inc. increased 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 buying an additional 34,114,299 shares in the last quarter. Northern Trust Corp increased its position in EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after buying an additional 638,183 shares in the last quarter. Alliancebernstein L.P. increased its position in EOG Resources by 8.0% in the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock worth $625,910,000 after buying an additional 511,099 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock worth $634,839,000 after buying an additional 231,183 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.
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In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares in the company, valued at $7,245,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the transaction, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock worth $3,700,882 over the last 90 days. 0.53% of the stock is owned by insiders.
A number of brokerages have commented on EOG. Imperial Capital began coverage on EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target for the company. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays PLC restated an “overweight” rating and issued a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Atlantic Securities upgraded EOG Resources from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $107.84.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 96.43 on Thursday. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company’s market capitalization is $55.68 billion. The firm’s 50-day moving average price is $89.71 and its 200-day moving average price is $91.62.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 company earned ($0.38) earnings per share. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities research analysts expect that EOG Resources, Inc. will post $0.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is -131.37%.
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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