Beese Fulmer Investment Management Inc. Sells 692 Shares of EOG Resources Inc. (EOG)
Beese Fulmer Investment Management Inc. lowered its position in shares of EOG Resources Inc. (NYSE:EOG) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,330 shares of the energy exploration company’s stock after selling 692 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in EOG Resources were worth $3,698,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in EOG. Geode Capital Management LLC increased its stake in EOG Resources by 3.0% in the first quarter. Geode Capital Management LLC now owns 4,387,988 shares of the energy exploration company’s stock worth $317,824,000 after buying an additional 125,955 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in EOG Resources by 229,840.4% in the first quarter. Loomis Sayles & Co. L P now owns 119,569 shares of the energy exploration company’s stock worth $8,678,000 after buying an additional 119,517 shares during the last quarter. Parametric Risk Advisors LLC bought a new stake in EOG Resources during the first quarter worth $520,000. Cleararc Capital Inc. increased its stake in EOG Resources by 1.1% in the first quarter. Cleararc Capital Inc. now owns 13,744 shares of the energy exploration company’s stock worth $998,000 after buying an additional 148 shares during the last quarter. Finally, AXA increased its stake in EOG Resources by 1.4% in the first quarter. AXA now owns 1,065,701 shares of the energy exploration company’s stock worth $77,348,000 after buying an additional 15,058 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Shares of EOG Resources Inc. (NYSE:EOG) traded up 2.94% during mid-day trading on Wednesday, hitting $95.87. The company had a trading volume of 1,958,578 shares. EOG Resources Inc. has a 52 week low of $57.15 and a 52 week high of $98.32. The firm has a 50-day moving average price of $93.02 and a 200-day moving average price of $85.06. The firm’s market capitalization is $52.79 billion.
EOG Resources (NYSE:EOG) last released its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.10. The business earned $1.78 billion during 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 company’s quarterly revenue was down 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Equities analysts forecast that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a dividend of $0.1675 per share. The ex-dividend date is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio is currently -7.14%.
A number of analysts have recently weighed in on the company. Wunderlich upped their target price on EOG Resources from $104.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, October 7th. Societe Generale cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Simmons reissued an “overweight” rating and set a $109.00 price target (up previously from $103.00) on shares of EOG Resources in a report on Friday, September 9th. Barclays PLC reissued an “overweight” rating on shares of EOG Resources in a report on Friday, September 30th. Finally, Royal Bank Of Canada boosted their price target on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 7th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.22.
In related news, EVP David W. Trice sold 4,600 shares of the company’s 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 owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the vice president now directly owns 56,473 shares of the company’s stock, valued at approximately $5,462,633.29. 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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