Victory Capital Management Inc. Boosts Stake in EOG Resources Inc. (EOG)
Victory Capital Management Inc. boosted its position in shares of EOG Resources Inc. (NYSE:EOG) by 1,083.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 549,326 shares of the energy exploration company’s stock after buying an additional 502,890 shares during the period. Victory Capital Management Inc.’s holdings in EOG Resources were worth $53,126,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EOG. Panagora Asset Management Inc. boosted its stake in 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 worth $11,825,000 after buying an additional 131,239 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in 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 worth $932,000 after buying an additional 1,009 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in 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 worth $4,484,000 after buying an additional 31,834 shares during the last quarter. Cullinan Associates Inc. boosted its stake in EOG Resources by 22.7% in the first quarter. Cullinan Associates Inc. now owns 11,910 shares of the energy exploration company’s stock worth $864,000 after buying an additional 2,200 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in 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 worth $2,533,000 after buying an additional 1,653 shares during the last quarter. 84.06% of the stock is owned by institutional investors.
EOG Resources Inc. (NYSE:EOG) opened at 90.5301 on Tuesday. The firm’s market cap is $52.19 billion. EOG Resources Inc. has a one year low of $57.15 and a one year high of $98.32. The company has a 50 day moving average of $93.64 and a 200-day moving average of $88.15.
EOG Resources (NYSE:EOG) last released its quarterly earnings data 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 return on equity of 8.42% and a negative net margin of 17.58%. The business earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. EOG Resources’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that EOG Resources Inc. will post ($1.76) earnings per share for the current year.
The firm also recently disclosed 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 dividend yield of 0.72%. EOG Resources’s dividend payout ratio is presently -29.65%.
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EOG has been the subject of a number of analyst reports. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating on shares of EOG Resources in a research note on Thursday, August 4th. Deutsche Bank AG upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $83.00 to $96.00 in a research note on Friday, August 5th. Citigroup Inc. upped their price target on shares of EOG Resources from $88.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Bank of America Corp. set a $100.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Friday, August 5th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.98.
In other EOG Resources news, Director Frank G. Wisner sold 2,026 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $92.65, for a total value of $187,708.90. Following the transaction, the director now directly owns 113,125 shares in the company, valued at approximately $10,481,031.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the completion of the transaction, the chief executive officer now owns 502,766 shares in the company, valued at $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.
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