BTR Capital Management Inc. Sells 140 Shares of EOG Resources Inc. (EOG)
BTR Capital Management Inc. cut its position in shares of EOG Resources Inc. (NYSE:EOG) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 28,773 shares of the energy exploration company’s stock after selling 140 shares during the period. BTR Capital Management Inc.’s holdings in EOG Resources were worth $2,783,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in EOG. Community Bank N.A. raised its stake in shares of EOG Resources by 0.6% in the third quarter. Community Bank N.A. now owns 3,756 shares of the energy exploration company’s stock worth $364,000 after buying an additional 21 shares during the period. MAI Capital Management boosted its position in EOG Resources by 0.9% in the second quarter. MAI Capital Management now owns 2,907 shares of the energy exploration company’s stock valued at $243,000 after buying an additional 26 shares in the last quarter. Citizens Financial Group Inc RI boosted its position in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Bartlett & Co. LLC boosted its position in EOG Resources by 0.8% in the second quarter. Bartlett & Co. LLC now owns 12,161 shares of the energy exploration company’s stock valued at $1,014,000 after buying an additional 92 shares in the last quarter. Finally, Bremer Trust National Association boosted its position in EOG Resources by 3.3% in the third quarter. Bremer Trust National Association now owns 2,958 shares of the energy exploration company’s stock valued at $286,000 after buying an additional 95 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
EOG Resources Inc. (NYSE:EOG) traded down 1.10% during mid-day trading on Tuesday, hitting $92.44. The stock had a trading volume of 4,010,441 shares. The company’s market cap is $53.29 billion. The firm’s 50-day moving average is $93.64 and its 200 day moving average is $88.15. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $98.32.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.09. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. Equities analysts anticipate that EOG Resources Inc. will post ($1.76) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s payout ratio is -29.65%.
Several research firms recently issued reports on EOG. Wunderlich raised their price target on EOG Resources from $104.00 to $110.00 and gave the company a “buy” rating in a report on Friday, October 7th. CLSA upgraded EOG Resources from an “underperform” rating to an “outperform” rating in a report on Tuesday, November 15th. Societe Generale cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $107.42 price target on the stock in a report on Monday. Finally, Robert W. Baird raised their target price on EOG Resources from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. Sixteen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $96.98.
In related news, Director Charles R. Crisp sold 14,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the completion of the sale, the director now directly owns 57,586 shares of the company’s stock, valued at $5,337,646.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ann D. Janssen sold 1,310 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the sale, the vice president now directly owns 54,073 shares of the company’s stock, valued at $5,089,891.49. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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