EOG Resources, Inc. (EOG) Position Cut by Inverness Counsel LLC NY
Inverness Counsel LLC NY cut its stake in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,836 shares of the energy exploration company’s stock after selling 2,480 shares during the period. Inverness Counsel LLC NY’s holdings in EOG Resources were worth $17,301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gagnon Securities LLC increased its stake in EOG Resources by 0.3% during the second quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after purchasing an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in EOG Resources by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after purchasing an additional 15 shares during the last quarter. Winfield Associates Inc. increased its stake in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares during the last quarter. Quadrant Capital Group LLC increased its stake in EOG Resources by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after purchasing an additional 23 shares during the last quarter. Finally, Bank of The West increased its stake in EOG Resources by 0.8% during the second quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after purchasing an additional 28 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,578 shares of company stock valued at $3,700,882. Corporate insiders own 0.53% of the company’s stock.
EOG has been the subject of several recent research reports. Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $98.00 in a research note on Friday, July 21st. FBR & Co lowered their target price on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, June 26th. Finally, ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, nine have assigned 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 price target of $108.68.
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Shares of EOG Resources, Inc. (EOG) traded up 0.02% during midday trading on Monday, reaching $96.86. 289,889 shares of the company’s stock were exchanged. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The firm has a 50-day moving average of $94.01 and a 200-day moving average of $91.74. The company’s market capitalization is $55.93 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm 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 quarter in the previous year, the business earned ($0.38) earnings per share. Equities analysts expect that EOG Resources, Inc. will post $0.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a $0.1675 dividend. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s payout ratio is -131.37%.
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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