Syntal Capital Partners LLC raised its position in EOG Resources Inc. (NYSE:EOG) by 63.3% during the second quarter, Holdings Channel reports. The firm owned 6,502 shares of the energy exploration company’s stock after buying an additional 2,520 shares during the period. EOG Resources makes up approximately 0.6% of Syntal Capital Partners LLC’s holdings, making the stock its 15th largest position. Syntal Capital Partners LLC’s holdings in EOG Resources were worth $542,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EOG. State Street Corp raised its position in shares of EOG Resources by 1.6% in the first quarter. State Street Corp now owns 26,795,315 shares of the energy exploration company’s stock worth $1,944,806,000 after buying an additional 434,140 shares during the last quarter. Wellington Management Group LLP raised its position in shares of EOG Resources by 7.7% in the first quarter. Wellington Management Group LLP now owns 19,754,733 shares of the energy exploration company’s stock worth $1,433,799,000 after buying an additional 1,419,018 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 worth $763,452,000 after buying an additional 2,107,452 shares during the last quarter. Geode Capital Management LLC raised its position in shares of EOG Resources by 3.0% in the first quarter. Geode Capital Management LLC now owns 4,387,988 shares of the energy exploration company’s stock worth $317,824,000 after buying an additional 125,955 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of EOG Resources by 10.1% in the second quarter. American Century Companies Inc. now owns 3,125,813 shares of the energy exploration company’s stock worth $260,755,000 after buying an additional 286,912 shares during the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.
Shares of EOG Resources Inc. (NYSE:EOG) traded down 1.01% during midday trading on Tuesday, hitting $95.14. The stock had a trading volume of 1,724,720 shares. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $97.20. The firm’s market capitalization is $52.39 billion. The company’s 50 day moving average price is $91.49 and its 200-day moving average price is $83.44.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.10. The business had revenue of $1.78 billion for 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 firm’s revenue was down 28.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Equities analysts predict that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 annualized dividend and a yield of 0.70%. EOG Resources’s dividend payout ratio is currently -7.14%.
A number of equities analysts have issued reports on EOG shares. Barclays PLC increased their price target on EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. Bank of America Corp. set a $100.00 price objective on EOG Resources and gave the company a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG reiterated a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a research report on Tuesday, August 9th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, July 25th. Finally, Deutsche Bank AG upgraded EOG Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $96.00 in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. EOG Resources currently has a consensus rating of “Hold” and an average price target of $91.96.
In related news, CEO William R. Thomas sold 16,581 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $81.82, for a total transaction of $398,872.50. Following the completion of the sale, the executive vice president now directly owns 59,032 shares in the company, valued at $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
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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