EOG Resources Inc. (EOG) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its position in shares of EOG Resources Inc. (NYSE:EOG) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,778 shares of the energy exploration company’s stock after buying an additional 68,820 shares during the period. Sei Investments Co.’s holdings in EOG Resources were worth $35,276,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources during the third quarter worth about $101,000. FTB Advisors Inc. raised its stake in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares in the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $100,000. Lenox Wealth Management Inc. raised its stake in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its stake in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) traded up 8.02% during midday trading on Wednesday, hitting $99.85. The company had a trading volume of 2,078,042 shares. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $100.13. The company’s market cap is $57.56 billion. The stock’s 50-day moving average price is $93.64 and its 200-day moving average price is $88.15.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.31) by $0.09. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, equities research analysts forecast that EOG Resources Inc. will post ($1.76) EPS for the current year.
The business 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 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.
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A number of research analysts have commented on EOG shares. Clsa Americas raised shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Monday, November 14th. CLSA raised shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Royal Bank Of Canada upped their target price on shares of EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 7th. Bank of America Corp. reaffirmed a “hold” rating and issued a $110.00 target price on shares of EOG Resources in a research report on Friday, November 4th. Finally, upped their target price on shares of EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a research report on Wednesday, September 7th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $96.98.
In other EOG Resources news, Director Charles R. Crisp sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total value of $1,297,660.00. Following the transaction, the director now directly owns 57,586 shares of the company’s stock, valued at approximately $5,337,646.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 8,473 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $91.00, for a total value of $771,043.00. Following the completion of the transaction, the executive vice president now directly owns 66,566 shares in the company, valued at $6,057,506. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
About EOG Resources
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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