BlueCrest Capital Management Ltd Has $3.53 Million Stake in EOG Resources, Inc. (EOG)
BlueCrest Capital Management Ltd lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 49.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,024 shares of the energy exploration company’s stock after selling 38,884 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in EOG Resources were worth $3,532,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EOG. BlackRock Inc. raised its position in shares of EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the period. Capital Research Global Investors raised its position in shares of EOG Resources by 14.7% during the 2nd 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 buying an additional 5,368,941 shares during the period. Ameriprise Financial Inc. raised its position in shares of EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after buying an additional 2,083,122 shares during the period. Capital World Investors raised its position in shares of EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after buying an additional 1,568,085 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of EOG Resources by 49.2% during the 2nd 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 buying an additional 1,452,947 shares during the period. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. Insiders sold a total of 38,578 shares of company stock valued at $3,700,882 over the last ninety days. Company insiders own 0.53% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.25% during trading on Monday, hitting $96.43. 187,776 shares of the company were exchanged. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company’s 50-day moving average price is $90.41 and its 200 day moving average price is $91.66. The stock’s market cap is $55.68 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted ($0.38) earnings per share. The company’s quarterly revenue was up 47.1% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.
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Several analysts have recently commented on EOG shares. FBR & Co reduced their price target on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, June 26th. Atlantic Securities raised shares of EOG Resources from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $98.00 to $100.00 in a research report on Tuesday, June 27th. BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Scotiabank set a $100.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and a consensus target price of $107.54.
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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