OLD National Bancorp IN increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.9% during the third quarter, Holdings Channel reports. The firm owned 116,367 shares of the energy exploration company’s stock after buying an additional 6,482 shares during the period. OLD National Bancorp IN’s holdings in EOG Resources were worth $11,254,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Tortoise Investment Management LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $100,000. Baker Ellis Asset Management LLC bought a new position in shares of EOG Resources during the third quarter valued at approximately $101,000. FTB Advisors Inc. boosted its position in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock valued at $110,000 after buying an additional 571 shares during the period. Lenox Wealth Management Inc. boosted its position in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock valued at $122,000 after buying an additional 511 shares during the period. Finally, Pinkerton Retirement Specialists LLC boosted its position in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 1,327 shares during the period. 84.93% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at 103.68 on Wednesday. The company has a 50-day moving average price of $104.03 and a 200-day moving average price of $94.20. The company’s market capitalization is $59.77 billion. EOG Resources, Inc. has a 12 month low of $62.53 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company earned $0.02 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post ($1.78) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.1675 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.67 annualized dividend and a yield of 0.65%. EOG Resources’s payout ratio is -29.65%.
Several brokerages recently commented on EOG. Jefferies Group LLC reissued a “hold” rating and set a $88.00 price target on shares of EOG Resources in a research report on Wednesday, October 19th. Robert W. Baird upped their price objective on EOG Resources from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Bank of America Corporation upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Wednesday, January 4th. RBC Capital Markets restated a “hold” rating and issued a $105.00 price objective (up previously from $98.00) on shares of EOG Resources in a research note on Tuesday, November 8th. Finally, Societe Generale lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus price target of $100.70.
In other EOG Resources news, EVP Michael P. Donaldson sold 4,464 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $93.00, for a total transaction of $415,152.00. Following the completion of the sale, the executive vice president now directly owns 68,683 shares in the company, valued at $6,387,519. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Timothy K. Driggers sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $102.08, for a total transaction of $1,020,800.00. Following the sale, the chief financial officer now owns 148,477 shares of the company’s stock, valued at $15,156,532.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,017 shares of company stock valued at $11,571,039. Company 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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