CG Asset Management LLC decreased its position in EOG Resources Inc. (NYSE:EOG) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 55,025 shares of the energy exploration company’s stock after selling 1,245 shares during the period. EOG Resources makes up 1.8% of CG Asset Management LLC’s investment portfolio, making the stock its 14th largest position. CG Asset Management LLC’s holdings in EOG Resources were worth $4,590,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Asset Management LLC PA purchased a new stake in EOG Resources during the second quarter valued at $209,000. Rehmann Capital Advisory Group purchased a new stake in EOG Resources during the second quarter valued at $210,000. Ropes Wealth Advisors LLC raised its stake in EOG Resources by 38.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,575 shares of the energy exploration company’s stock valued at $187,000 after buying an additional 720 shares during the last quarter. Community Bank & Trust Waco Texas purchased a new stake in EOG Resources during the second quarter valued at $217,000. Finally, Traynor Capital Management Inc. purchased a new stake in EOG Resources during the second quarter valued at $222,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
EOG Resources Inc. (NYSE:EOG) traded down 0.62% on Monday, hitting $96.11. 2,318,565 shares of the stock traded hands. The firm’s market capitalization is $52.92 billion. The stock has a 50 day moving average of $91.35 and a 200 day moving average of $83.17. EOG Resources Inc. has a 52 week low of $57.15 and a 52 week high of $97.20.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.10. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The business’s quarterly revenue was down 28.1% on a year-over-year basis. During the same period last year, the company posted $0.28 earnings per share. Equities research analysts anticipate that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is -7.14%.
Several analysts have recently weighed in on the stock. Societe Generale lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group AG reaffirmed a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a report on Tuesday, August 9th. Credit Agricole SA reaffirmed a “sell” rating on shares of EOG Resources in a report on Tuesday, August 16th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. EOG Resources has a consensus rating of “Hold” and an average price target of $91.96.
In other EOG Resources news, VP Ann D. Janssen sold 1,310 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the completion of the sale, the vice president now directly owns 54,073 shares in the company, valued at $5,089,891.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the completion of the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
EOG Resources Company Profile
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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