Bbva Compass Bancshares Inc. Cuts Position in EOG Resources Inc. (EOG)
Bbva Compass Bancshares Inc. decreased its position in shares of EOG Resources Inc. (NYSE:EOG) by 19.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,617 shares of the energy exploration company’s stock after selling 8,059 shares during the period. Bbva Compass Bancshares Inc.’s holdings in EOG Resources were worth $2,721,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EOG. MAI Capital Management boosted its stake in EOG Resources by 0.9% in the second quarter. MAI Capital Management now owns 2,907 shares of the energy exploration company’s stock worth $243,000 after buying an additional 26 shares during the last quarter. Bartlett & Co. LLC boosted its position in EOG Resources by 0.8% in the second quarter. Bartlett & Co. LLC now owns 12,161 shares of the energy exploration company’s stock worth $1,014,000 after buying an additional 92 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in EOG Resources by 2.5% in the second quarter. Trust Department MB Financial Bank N A now owns 4,101 shares of the energy exploration company’s stock worth $359,000 after buying an additional 101 shares in the last quarter. Trust Co. of Vermont boosted its position in EOG Resources by 1.6% in the second quarter. Trust Co. of Vermont now owns 6,679 shares of the energy exploration company’s stock worth $557,000 after buying an additional 107 shares in the last quarter. Finally, Conning Inc. boosted its position in EOG Resources by 1.0% in the second quarter. Conning Inc. now owns 13,572 shares of the energy exploration company’s stock worth $1,132,000 after buying an additional 130 shares in the last quarter. 89.44% of the stock is owned by institutional investors.
EOG Resources Inc. (NYSE:EOG) traded down 1.07% during midday trading on Friday, hitting $94.48. 1,632,974 shares of the stock were exchanged. The firm has a 50 day moving average of $92.74 and a 200-day moving average of $84.47. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $98.32. The stock’s market cap is $52.02 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. On average, equities analysts expect that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. EOG Resources’s payout ratio is -7.14%.
A number of research analysts have issued reports on the stock. Wunderlich raised their price target on shares of EOG Resources from $104.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, October 7th. Societe Generale cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Barclays PLC reaffirmed an “overweight” rating on shares of EOG Resources in a report on Friday, September 30th. Citigroup Inc. decreased their price target on shares of EOG Resources from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 22nd. Finally, FBR & Co set a $108.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources has a consensus rating of “Hold” and a consensus target price of $92.22.
In related news, VP Ann D. Janssen sold 1,064 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $96.73, for a total value of $102,920.72. Following the sale, the vice president now directly owns 56,473 shares of the company’s stock, valued at approximately $5,462,633.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David W. Trice sold 4,600 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares in the company, valued at $6,023,814. 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.
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc. (NYSE:EOG).
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.