BT Investment Management Ltd purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,721 shares of the energy exploration company’s stock, valued at approximately $699,000.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of EOG Resources by 2,098.0% during 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 purchasing an additional 34,114,299 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 8.0% during 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 purchasing an additional 511,099 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of EOG Resources by 3.7% during 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 purchasing an additional 231,183 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EOG Resources by 10.4% during the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock valued at $537,142,000 after purchasing an additional 517,310 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on EOG. Piper Jaffray Companies cut their price target on EOG Resources from $109.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Jefferies Group LLC reissued a “hold” rating and set a $89.00 price target (down from $101.00) on shares of EOG Resources in a research note on Tuesday, August 29th. Finally, BidaskClub lowered EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus price target of $107.54.
Shares of EOG Resources, Inc. (EOG) opened at 94.18 on Thursday. The company’s market cap is $54.38 billion. The stock’s 50 day moving average price is $87.81 and its 200 day moving average price 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 earnings results 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). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company posted ($0.38) EPS. The firm’s revenue was up 47.1% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post $0.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a $0.1675 dividend. 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 dividend payout ratio is currently -131.37%.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
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.
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG).
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.