Moody Lynn & Lieberson LLC Boosts Stake in EOG Resources Inc. (EOG)
Moody Lynn & Lieberson LLC boosted its stake in EOG Resources Inc. (NYSE:EOG) by 18.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,864 shares of the energy exploration company’s stock after buying an additional 1,378 shares during the period. Moody Lynn & Lieberson LLC’s holdings in EOG Resources were worth $739,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY purchased a new stake in EOG Resources during the second quarter valued at approximately $160,000. Berkshire Asset Management LLC PA purchased a new stake in EOG Resources during the second quarter valued at approximately $209,000. Rehmann Capital Advisory Group purchased a new stake in EOG Resources during the second quarter valued at approximately $210,000. Community Bank & Trust Waco Texas purchased a new stake in EOG Resources during the second quarter valued at approximately $217,000. Finally, Advisory Services Network LLC boosted 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 valued at $219,000 after buying an additional 562 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.
EOG Resources Inc. (NYSE:EOG) traded down 0.79% on Tuesday, hitting $93.04. 2,150,934 shares of the stock traded hands. The stock has a 50-day moving average price of $92.96 and a 200 day moving average price of $84.90. 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 $51.23 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue was down 28.1% on a year-over-year basis. On average, equities analysts expect that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.
The firm 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. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is -7.14%.
Several brokerages have recently issued reports on EOG. Credit Suisse Group AG reissued a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a research note on Tuesday, August 9th. Credit Agricole SA reissued a “sell” rating on shares of EOG Resources in a research note on Tuesday, August 16th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 7th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $95.00 price objective (up from $88.00) on shares of EOG Resources in a research note on Wednesday, August 10th. Three research 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 company’s stock. EOG Resources has an average rating of “Hold” and an average target price of $92.22.
In other news, VP Ann D. Janssen sold 1,064 shares of the firm’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 completion of the transaction, the vice president now directly owns 56,473 shares of the company’s stock, valued at approximately $5,462,633.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ann D. Janssen sold 1,310 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total transaction of $123,310.30. Following the transaction, the vice president now directly owns 54,073 shares of the company’s stock, valued at $5,089,891.49. 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.
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