Hennessy Advisors Inc. bought a new stake in shares of EOG Resources Inc. (NYSE:EOG) during the third quarter, Holdings Channel reports. The fund bought 304,000 shares of the energy exploration company’s stock, valued at approximately $29,400,000.

Other hedge funds have also made changes to their positions in the company. Panagora Asset Management Inc. boosted its stake in shares of EOG Resources by 414.1% in the first quarter. Panagora Asset Management Inc. now owns 162,930 shares of the energy exploration company’s stock valued at $11,825,000 after buying an additional 131,239 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of EOG Resources by 8.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,864 shares of the energy exploration company’s stock valued at $932,000 after buying an additional 1,009 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of EOG Resources by 106.3% in the first quarter. First Republic Investment Management Inc. now owns 61,773 shares of the energy exploration company’s stock valued at $4,484,000 after buying an additional 31,834 shares during the last quarter. Cullinan Associates Inc. increased its position in shares of EOG Resources by 22.7% in the first quarter. Cullinan Associates Inc. now owns 11,910 shares of the energy exploration company’s stock valued at $864,000 after buying an additional 2,200 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of EOG Resources by 5.8% in the second quarter. Fulton Bank N.A. now owns 30,364 shares of the energy exploration company’s stock valued at $2,533,000 after buying an additional 1,653 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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

Shares of EOG Resources Inc. (NYSE:EOG) traded down 1.95% during mid-day trading on Tuesday, hitting $91.65. 1,016,478 shares of the stock traded hands. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $98.32. The firm’s 50 day moving average price is $93.64 and its 200 day moving average price is $88.15. The firm’s market cap is $52.83 billion.

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. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts predict 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 $0.1675 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.67 annualized dividend and a yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is -29.65%.

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Several brokerages recently commented on EOG. Vetr upgraded shares of 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. CLSA upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a report on Tuesday, November 15th. Robert W. Baird upped their price target on shares of EOG Resources from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday, November 22nd. Clsa Americas upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a report on Monday, November 14th. Finally, Capital One Financial Corp. upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 16th. Sixteen 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. The company has an average rating of “Buy” and an average target price of $96.98.

In other EOG Resources news, EVP Michael P. Donaldson sold 8,473 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $91.00, for a total transaction of $771,043.00. Following the completion of the transaction, the executive vice president now owns 66,566 shares in the company, valued at approximately $6,057,506. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the transaction, the chief executive officer now owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:EOG

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