GM Advisory Group Inc. Invests $239,000 in EOG Resources, Inc. (EOG) Stock
GM Advisory Group Inc. purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,641 shares of the energy exploration company’s stock, valued at approximately $239,000.
A number of other institutional investors have also recently modified their holdings of EOG. BlackRock Inc. lifted its position in shares of EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after buying an additional 2,083,122 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of EOG Resources by 49.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after buying an additional 1,452,947 shares during the last quarter. Findlay Park Partners LLP purchased a new stake in shares of EOG Resources during the 2nd quarter worth approximately $120,097,000. Finally, Vanguard Group Inc. lifted its position in shares of EOG Resources by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE:EOG) traded down 0.2682% on Thursday, hitting $93.9274. The stock had a trading volume of 823,905 shares. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37. The firm has a 50 day moving average price of $87.81 and a 200-day moving average price of $91.61. The company’s market cap is $54.24 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) EPS. Analysts anticipate that EOG Resources, Inc. will post $0.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.71%. EOG Resources’s payout ratio is currently -131.37%.
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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the sale, the executive vice president now owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.
A number of equities analysts have recently commented on EOG shares. Scotiabank set a $100.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $101.00 target price on shares of EOG Resources in a report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $107.54.
EOG Resources Company Profile
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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