EOG Resources Inc. (EOG) Shares Bought by 1ST Source Bank
1ST Source Bank increased its stake in EOG Resources Inc. (NYSE:EOG) by 22.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,412 shares of the energy exploration company’s stock after buying an additional 799 shares during the period. 1ST Source Bank’s holdings in EOG Resources were worth $368,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. 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 valued at $1,433,799,000 after buying an additional 1,419,018 shares during the period. 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 valued at $1,944,806,000 after buying an additional 434,140 shares during the period. Credit Agricole S A raised its position in shares of 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 valued at $47,274,000 after buying an additional 413,111 shares during the period. Waverton Investment Management Ltd raised its position in shares of EOG Resources by 354.9% in the second quarter. Waverton Investment Management Ltd now owns 463,620 shares of the energy exploration company’s stock valued at $38,675,000 after buying an additional 361,695 shares during the period. 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 valued at $260,755,000 after buying an additional 286,912 shares during the period. 89.42% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) traded down 1.07% on Monday, reaching $93.47. 1,003,475 shares of the company were exchanged. The stock has a 50 day moving average of $92.86 and a 200-day moving average of $84.61. The company’s market capitalization is $51.47 billion. EOG Resources Inc. has a 52-week low of $57.15 and a 52-week high of $98.32.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business earned $0.28 EPS. EOG Resources’s revenue for the quarter was down 28.1% compared to the same quarter last year. On average, analysts predict that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid 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 yield of 0.71%. EOG Resources’s dividend payout ratio is currently -7.14%.
Several research analysts have issued reports on the company. Jefferies Group restated a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. Societe Generale lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wunderlich upgraded EOG Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $79.00 to $104.00 in a research report on Monday, August 8th. Finally, Credit Agricole SA assumed coverage on EOG Resources in a research report on Wednesday, June 22nd. They set an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $92.22.
In related news, EVP Michael P. Donaldson sold 8,473 shares of EOG Resources stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $91.00, for a total transaction of $771,043.00. Following the sale, the executive vice president now directly owns 66,566 shares in the company, valued at approximately $6,057,506. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ann D. Janssen sold 1,310 shares of EOG Resources stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total transaction of $123,310.30. Following the sale, the vice president now owns 54,073 shares in the company, valued at $5,089,891.49. 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.
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