Grandfield & Dodd LLC held its position in shares of EOG Resources Inc. (NYSE:EOG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,186 shares of the energy exploration company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in EOG Resources were worth $266,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of EOG Resources by 0.4% in the first quarter. Prudential Financial Inc. now owns 695,910 shares of the energy exploration company’s stock valued at $50,509,000 after buying an additional 2,500 shares during the last quarter. Franklin Resources Inc. raised its position in shares of EOG Resources by 13.4% in the first quarter. Franklin Resources Inc. now owns 1,715,430 shares of the energy exploration company’s stock valued at $124,506,000 after buying an additional 202,096 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of EOG Resources by 61.2% in the first quarter. Peapack Gladstone Financial Corp now owns 14,762 shares of the energy exploration company’s stock valued at $1,071,000 after buying an additional 5,605 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of EOG Resources by 25.1% in the first quarter. JPMorgan Chase & Co. now owns 10,518,779 shares of the energy exploration company’s stock valued at $763,452,000 after buying an additional 2,107,452 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of EOG Resources during the first quarter valued at $2,734,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
Shares of EOG Resources Inc. (NYSE:EOG) traded down 0.25% during midday trading on Thursday, hitting $97.14. 1,790,213 shares of the company were exchanged. EOG Resources Inc. has a one year low of $57.15 and a one year high of $98.32. The firm’s market cap is $53.49 billion. The company’s 50 day moving average price is $91.83 and its 200 day moving average price is $83.68.
EOG Resources (NYSE:EOG) last released its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating the 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 firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down 28.1% on a year-over-year basis. Equities analysts expect that EOG Resources Inc. will post ($1.67) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is -7.14%.
EOG has been the topic of several research reports. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of EOG Resources in a report on Wednesday, June 8th. Credit Agricole SA initiated coverage on shares of EOG Resources in a report on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Barclays PLC raised their price target on shares of EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $91.96.
In other EOG Resources news, CEO William R. Thomas sold 16,581 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the sale, the chief executive officer now directly owns 502,766 shares in the company, valued at $46,686,850.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David W. Trice sold 4,600 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $97.08, for a total value of $446,568.00. Following the completion of the sale, the executive vice president now owns 62,050 shares of the company’s stock, valued at $6,023,814. The disclosure for this sale can be found here. 0.52% of the stock is 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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