California Public Employees Retirement System trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,235,810 shares of the energy exploration company’s stock after selling 34,200 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of EOG Resources worth $111,866,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of EOG Resources by 2.6% in the second 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 in the last quarter. BlackRock Inc. lifted its position in shares of EOG Resources by 2,098.0% in the first 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 in the last quarter. Northern Trust Corp lifted its position in shares of EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after acquiring an additional 638,183 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of EOG Resources by 8.0% in the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after acquiring an additional 511,099 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock valued at $634,839,000 after acquiring an additional 231,183 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.463% on Friday, reaching $94.325. The company had a trading volume of 330,310 shares. The firm’s market capitalization is $54.47 billion. The company has a 50-day moving average price of $87.81 and a 200-day moving average price of $91.61. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last posted its 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). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the business earned ($0.38) earnings per share. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. 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 presently -131.37%.
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Several analysts have recently issued reports on the company. Barclays PLC restated an “overweight” rating and issued a $101.00 price objective (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 issued a $100.00 price objective on shares of EOG Resources in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a research note on Friday, July 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of EOG Resources in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.54.
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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