EOG Resources, Inc. (EOG) Holdings Lifted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 759,077 shares of the energy exploration company’s stock after acquiring an additional 78,934 shares during the period. Lord Abbett & CO. LLC owned approximately 0.13% of EOG Resources worth $68,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings in EOG Resources by 4.1% during the first 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 in the last quarter. Winfield Associates Inc. lifted its holdings 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 worth $103,000 after acquiring an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in EOG Resources by 60.0% during the first 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 in the last quarter. Exane Derivatives lifted its holdings in EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 192 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in EOG Resources by 17.3% during the first quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock worth $124,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

EOG Resources, Inc. (NYSE:EOG) traded down 0.292% during trading on Wednesday, hitting $97.165. The stock had a trading volume of 629,335 shares. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The firm’s market capitalization is $56.11 billion. The firm has a 50 day moving average price of $92.40 and a 200-day moving average price of $91.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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 analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the business earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post $0.63 EPS for the current year.

The business 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. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. EOG Resources’s payout ratio is currently -131.37%.

In other news, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is currently owned by company insiders.

EOG has been the topic of several recent analyst reports. 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. 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. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $98.00 in a report on Friday, July 21st. FBR & Co reduced their target price on EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, June 26th. Finally, Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued

Other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings in EOG Resources by 4.1% during the first 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 in the last quarter. Winfield Associates Inc. lifted its holdings 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 worth $103,000 after acquiring an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in EOG Resources by 60.0% during the first 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 in the last quarter. Exane Derivatives lifted its holdings in EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 192 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in EOG Resources by 17.3% during the first quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock worth $124,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

EOG Resources, Inc. (NYSE:EOG) traded down 0.292% during trading on Wednesday, hitting $97.165. The stock had a trading volume of 629,335 shares. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The firm’s market capitalization is $56.11 billion. The firm has a 50 day moving average price of $92.40 and a 200-day moving average price of $91.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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 analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the business earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post $0.63 EPS for the current year.

The business 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. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. EOG Resources’s payout ratio is currently -131.37%.

In other news, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is currently owned by company insiders.

EOG has been the topic of several recent analyst reports. 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. 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. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $98.00 in a report on Friday, July 21st. FBR & Co reduced their target price on EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, June 26th. Finally, Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two 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 stock. EOG Resources has an average rating of “Buy” and a consensus price target of $108.68.

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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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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