EOG Resources, Inc. (EOG) Shares Sold by Trust Investment Advisors
Trust Investment Advisors trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,415 shares of the energy exploration company’s stock after selling 550 shares during the period. Trust Investment Advisors’ holdings in EOG Resources were worth $524,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Capital Research Global Investors boosted its holdings in EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after buying an additional 5,368,941 shares during the last quarter. Vanguard Group Inc. boosted its holdings in EOG Resources by 2.6% in the 2nd 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 during the last quarter. BlackRock Inc. boosted its holdings in EOG Resources by 2,098.0% in the 1st 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 during the last quarter. Capital World Investors lifted its stake in EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in EOG Resources by 8.7% in the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after purchasing an additional 638,183 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.
In related news, insider Gary L. Thomas sold 25,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David W. Trice sold 3,114 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,692 shares of company stock valued at $3,717,390. Insiders own 0.53% of the company’s stock.
EOG Resources, Inc. (NYSE:EOG) traded down $1.63 during trading hours on Tuesday, hitting $102.83. 980,176 shares of the company’s stock traded hands, compared to its average volume of 3,131,526. The firm has a market capitalization of $60,470.16, a P/E ratio of 255.07, a price-to-earnings-growth ratio of 14.97 and a beta of 0.99. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. research analysts expect that EOG Resources, Inc. will post 0.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.65%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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A number of research firms have weighed in on EOG. Jefferies Group LLC raised their target price on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada raised their target price on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average price target of $108.79.
EOG Resources Company 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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