EOG Resources Inc. (NYSE:EOG) announced a quarterly dividend on Wednesday, September 28th. Investors of record on Monday, October 17th will be given a dividend of 0.1675 per share by the energy exploration company on Monday, October 31st. This represents a $0.67 dividend on an annualized basis and a yield of 0.71%.
EOG Resources (NYSE:EOG) traded up 6.10% during mid-day trading on Wednesday, reaching $93.96. The company had a trading volume of 4,533,377 shares. EOG Resources has a 12 month low of $57.15 and a 12 month high of $95.93. The firm’s market capitalization is $51.74 billion. The stock’s 50-day moving average is $90.90 and its 200 day moving average is $82.85.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The company earned $1.78 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 28.1% on a year-over-year basis. On average, analysts predict that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
A number of brokerages have issued reports on EOG. Jefferies Group reiterated a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wunderlich upgraded EOG Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $79.00 to $104.00 in a research report on Monday, August 8th. Credit Agricole SA started coverage on EOG Resources in a research report on Wednesday, June 22nd. They set an “underperform” rating for the company. Finally, Tudor Pickering lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $91.96.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now owns 59,032 shares of the company’s stock, valued at approximately $4,829,998.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the transaction, the chief executive officer now directly owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position in EOG Resources by 4.2% in the second quarter. Sei Investments Co. now owns 295,958 shares of the energy exploration company’s stock valued at $24,689,000 after buying an additional 12,055 shares during the period. Public Sector Pension Investment Board boosted its position in EOG Resources by 17.2% in the second quarter. Public Sector Pension Investment Board now owns 104,280 shares of the energy exploration company’s stock valued at $8,699,000 after buying an additional 15,300 shares during the period. National Pension Service boosted its position in EOG Resources by 10.4% in the second quarter. National Pension Service now owns 338,839 shares of the energy exploration company’s stock valued at $28,266,000 after buying an additional 32,026 shares during the period. Quadrature Capital Ltd purchased a new position in EOG Resources during the second quarter valued at approximately $886,000. Finally, Advisor Partners LLC boosted its position in EOG Resources by 6.4% in the second quarter. Advisor Partners LLC now owns 8,735 shares of the energy exploration company’s stock valued at $729,000 after buying an additional 529 shares during the period. 89.44% of the stock is owned by hedge funds and other institutional investors.
About EOG Resources
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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