EOG Resources, Inc. (EOG) Shares Sold by Lazard Asset Management LLC
Lazard Asset Management LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,610,298 shares of the energy exploration company’s stock after selling 157,038 shares during the quarter. Lazard Asset Management LLC owned 0.45% of EOG Resources worth $236,283,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. IHT Wealth Management LLC grew its holdings in shares of EOG Resources by 4.1% in the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after acquiring an additional 401 shares during the last quarter. Advantage Investment Management LLC grew its holdings in shares of EOG Resources by 16.6% in the 1st quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 154 shares during the last quarter. Winfield Associates Inc. grew its holdings in shares of EOG Resources by 5.3% in the 1st quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after acquiring an additional 57 shares during the last quarter. Finally, Exane Derivatives grew its holdings in shares of EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.
EOG has been the topic of a number of recent research reports. BidaskClub upgraded EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus restated a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, May 26th. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $107.54.
EOG Resources, Inc. (NYSE:EOG) traded down 0.03% during midday trading on Wednesday, hitting $93.10. The stock had a trading volume of 340,321 shares. The company’s market cap is $53.76 billion. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The company’s 50 day moving average is $87.81 and its 200 day moving average is $91.61.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business earned ($0.38) earnings per share. The company’s revenue was up 47.1% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio is presently -131.37%.
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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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