Smith Salley & Associates boosted its stake in EOG Resources Inc. (NYSE:EOG) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 45,726 shares of the energy exploration company’s stock after buying an additional 818 shares during the period. Smith Salley & Associates’ holdings in EOG Resources were worth $3,814,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in EOG Resources by 766.7% in the first quarter. Bessemer Group Inc. now owns 18,001 shares of the energy exploration company’s stock worth $1,307,000 after buying an additional 15,924 shares in the last quarter. Credit Agricole S A increased its stake in EOG Resources by 173.4% in the first quarter. Credit Agricole S A now owns 651,340 shares of the energy exploration company’s stock worth $47,274,000 after buying an additional 413,111 shares in the last quarter. 1832 Asset Management L.P. increased its stake in EOG Resources by 1.5% in the first quarter. 1832 Asset Management L.P. now owns 397,882 shares of the energy exploration company’s stock worth $48,792,000 after buying an additional 5,821 shares in the last quarter. BB&T Securities LLC increased its stake in EOG Resources by 15.8% in the first quarter. BB&T Securities LLC now owns 8,177 shares of the energy exploration company’s stock worth $593,000 after buying an additional 1,114 shares in the last quarter. Finally, State Street Corp increased its stake in 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 in the last quarter. 89.42% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) traded down 1.34% during mid-day trading on Monday, reaching $93.21. The company had a trading volume of 926,206 shares. The stock has a 50 day moving average of $92.86 and a 200-day moving average of $84.61. EOG Resources Inc. has a one year low of $57.15 and a one year high of $98.32. The firm’s market capitalization is $51.33 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the Zacks’ 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 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. Equities analysts predict that EOG Resources Inc. will post ($1.67) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders 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 0.71%. EOG Resources’s dividend payout ratio is currently -7.14%.
EOG has been the topic of a number of research reports. Credit Agricole SA initiated coverage on EOG Resources in a research note on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Barclays PLC boosted their price objective on EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, July 14th. Tudor Pickering downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Monday, July 18th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. 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’s stock. EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $92.22.
In other news, VP Ann D. Janssen sold 1,064 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $96.73, for a total transaction of $102,920.72. Following the transaction, the vice president now owns 56,473 shares in the company, valued at $5,462,633.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the transaction, the chief executive officer now owns 502,766 shares in the company, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. 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.