Whittier Trust Co. of Nevada Inc. continued to hold its stake in shares of EOG Resources Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,549 shares of the energy exploration company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in EOG Resources were worth $213,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of EOG. Ropes Wealth Advisors LLC increased its stake in shares of 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 worth $187,000 after buying an additional 720 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in EOG Resources during the second quarter worth $209,000. Rehmann Capital Advisory Group purchased a new stake in EOG Resources during the second quarter worth $210,000. Community Bank & Trust Waco Texas purchased a new stake in EOG Resources during the second quarter worth $217,000. Finally, Advisory Services Network LLC increased its stake in EOG Resources by 27.3% in the second quarter. Advisory Services Network LLC now owns 2,623 shares of the energy exploration company’s stock worth $219,000 after buying an additional 562 shares during the last quarter. Institutional investors own 89.44% of the company’s stock.
Shares of EOG Resources Inc. (NYSE:EOG) traded up 0.19% on Wednesday, reaching $96.23. 1,473,762 shares of the company traded hands. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $98.32. The company has a 50-day moving average of $92.46 and a 200-day moving average of $84.30. The stock’s market capitalization is $52.99 billion.
EOG Resources (NYSE:EOG) last posted 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. 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 quarter last year, the company posted $0.28 earnings per share. 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 annualized dividend and a dividend yield of 0.70%. EOG Resources’s dividend payout ratio (DPR) is presently -7.14%.
EOG has been the topic of a number of research reports. Credit Agricole SA initiated coverage on EOG Resources in a research report on Wednesday, June 22nd. They set an “underperform” rating on the stock. Barclays PLC raised their price target on EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, July 14th. Tudor Pickering downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, July 18th. Finally, Jefferies Group restated a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $92.22.
In related 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 transaction of $123,310.30. Following the completion of the transaction, the vice president now owns 54,073 shares of the company’s stock, valued at $5,089,891.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 8,473 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total transaction of $771,043.00. Following the transaction, the executive vice president now directly owns 66,566 shares of the company’s stock, valued at approximately $6,057,506. 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.