Private Wealth Partners LLC reduced its stake in shares of EOG Resources Inc. (NYSE:EOG) by 55.7% during the second quarter, Holdings Channel reports. The firm owned 23,200 shares of the energy exploration company’s stock after selling 29,200 shares during the period. Private Wealth Partners LLC’s holdings in EOG Resources were worth $1,935,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Shell Asset Management Co. increased its position in EOG Resources by 23.3% in the second quarter. Shell Asset Management Co. now owns 121,069 shares of the energy exploration company’s stock valued at $10,100,000 after buying an additional 22,916 shares during the period. Artemis Investment Management LLP increased its position in EOG Resources by 836.6% in the second quarter. Artemis Investment Management LLP now owns 174,257 shares of the energy exploration company’s stock valued at $14,533,000 after buying an additional 155,651 shares during the period. Strs Ohio increased its position in EOG Resources by 0.9% in the second quarter. Strs Ohio now owns 342,402 shares of the energy exploration company’s stock valued at $28,563,000 after buying an additional 3,121 shares during the period. Loomis Sayles & Co. L P increased its position in EOG Resources by 229,840.4% in the first quarter. Loomis Sayles & Co. L P now owns 119,569 shares of the energy exploration company’s stock valued at $8,678,000 after buying an additional 119,517 shares during the period. Finally, CenturyLink Investment Management Co acquired a new position in EOG Resources during the second quarter valued at approximately $2,011,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
EOG Resources Inc. (NYSE:EOG) traded down 0.62% during trading on Monday, reaching $96.11. 2,318,565 shares of the company’s stock were exchanged. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $97.20. The firm has a 50 day moving average of $91.35 and a 200-day moving average of $83.17. The stock’s market cap is $52.92 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. The firm earned $1.78 billion during the quarter, compared to analyst estimates of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business’s quarterly revenue was down 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that EOG Resources Inc. will post ($1.67) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a dividend of $0.1675 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.70%. EOG Resources’s dividend payout ratio is presently -7.14%.
EOG has been the topic of several research reports. Barclays PLC restated an “overweight” rating on shares of EOG Resources in a research note on Friday. FBR & Co started coverage on shares of EOG Resources in a research note on Tuesday, September 13th. They set an “outperform” rating and a $108.00 price objective on the stock. Simmons reiterated an “overweight” rating and set a $109.00 price objective (up from $103.00) on shares of EOG Resources in a research note on Friday, September 9th. Credit Agricole SA increased their price objective on shares of EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 7th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $98.00 price objective (up from $95.00) on shares of EOG Resources in a research note on Wednesday, September 7th. 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 issued a strong buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Hold” and an average target price of $91.96.
In related news, CFO Timothy K. Driggers sold 8,763 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $93.44, for a total transaction of $818,814.72. Following the completion of the transaction, the chief financial officer now owns 184,402 shares in the company, valued at $17,230,522.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $81.82, for a total value of $398,872.50. Following the transaction, the executive vice president now owns 59,032 shares of the company’s stock, valued at approximately $4,829,998.24. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
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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