Teachers Retirement System of The State of Kentucky increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,118 shares of the energy exploration company’s stock after acquiring an additional 5,165 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of EOG Resources worth $28,253,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of EOG. BlackRock Inc. grew 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 valued at $3,486,473,000 after acquiring an additional 34,114,299 shares during the period. Ameriprise Financial Inc. grew 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 valued at $479,202,000 after acquiring an additional 2,083,122 shares during the period. UBS Asset Management Americas Inc. grew 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 valued at $399,039,000 after acquiring an additional 1,452,947 shares during the period. Findlay Park Partners LLP acquired a new stake in shares of EOG Resources during the 2nd quarter valued at about $120,097,000. Finally, Vanguard Group Inc. grew 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 valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’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 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 is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
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EOG Resources, Inc. (EOG) traded up 0.70% during mid-day trading on Friday, hitting $94.55. 2,290,433 shares of the stock traded hands. The company’s market cap is $54.60 billion. The stock’s 50 day moving average is $87.81 and its 200-day moving average is $91.61. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.38) EPS. On average, equities research analysts anticipate that EOG Resources, Inc. will post $0.60 EPS for the current 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 paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.
A number of equities research analysts have recently commented on the company. Barclays PLC restated an “overweight” rating and set a $101.00 target price (up from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Scotiabank restated a “hold” rating and set a $100.00 target price on shares of EOG Resources in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research report on Friday, July 14th. Finally, BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of EOG Resources in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. EOG Resources has an average rating of “Buy” and an average price target 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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