EOG Resources, Inc. (EOG) Stake Lifted by WINTON GROUP Ltd
WINTON GROUP Ltd grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 87.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,859 shares of the energy exploration company’s stock after purchasing an additional 4,144 shares during the quarter. WINTON GROUP Ltd’s holdings in EOG Resources were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Israel Discount Bank of New York acquired a new position in shares of EOG Resources in the 1st quarter valued at about $556,000. Usca Ria LLC lifted its stake in shares of EOG Resources by 232.2% in the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after purchasing an additional 10,939 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of EOG Resources by 4.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock valued at $3,726,000 after purchasing an additional 1,895 shares during the period. Commerce Bank lifted its stake in shares of EOG Resources by 5.4% in the 2nd quarter. Commerce Bank now owns 235,092 shares of the energy exploration company’s stock valued at $21,281,000 after purchasing an additional 11,996 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of EOG Resources by 312.1% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 480,575 shares of the energy exploration company’s stock valued at $40,090,000 after purchasing an additional 363,973 shares during the period. 85.39% of the stock is currently owned by institutional investors.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 96.84 on Friday. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The stock’s market cap is $55.92 billion. The firm’s 50 day moving average price is $94.01 and its 200 day moving average price is $91.74.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) EPS. On average, analysts expect that EOG Resources, Inc. will post $0.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is presently -131.37%.
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A number of research analysts have recently issued reports on EOG shares. Morgan Stanley set a $116.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Wednesday. Barclays PLC boosted their price objective on EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. BidaskClub raised EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company. EOG Resources currently has a consensus rating of “Buy” and an average target price of $108.68.
In other news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources 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 transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock worth $3,700,882 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
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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