Nippon Life Insurance Co. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,280 shares of the energy exploration companys stock after buying an additional 316 shares during the period. Nippon Life Insurance Co.s holdings in EOG Resources were worth $2,928,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in EOG. Tortoise Investment Management LLC purchased a new stake in EOG Resources during the second quarter worth approximately $100,000. Baker Ellis Asset Management LLC bought a new position in shares of EOG Resources during the third quarter valued at $101,000. FTB Advisors Inc. boosted its position in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration companys stock valued at $110,000 after buying an additional 571 shares in the last quarter. Lenox Wealth Management Inc. boosted its position 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 companys stock valued at $122,000 after buying an additional 511 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC boosted its position 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 companys stock valued at $124,000 after buying an additional 1,327 shares in the last quarter. 83.93% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources, Inc. (NYSE:EOG) traded up 0.432% during mid-day trading on Thursday, hitting $105.205. The company had a trading volume of 4,068,941 shares. EOG Resources, Inc. has a 52-week low of $57.15 and a 52-week high of $109.37. The stocks 50-day moving average is $102.67 and its 200-day moving average is $92.81. The stocks market cap is $60.65 billion.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Zacks 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 firm earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business posted $0.02 EPS. EOG Resourcess revenue was down 2.5% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post ($1.79) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, January 12th. EOG Resourcess dividend payout ratio is presently -29.65%.
Several research analysts recently weighed in on EOG shares. Citigroup Inc. reduced their price target on EOG Resources from $104.00 to $98.00 and set a buy rating for the company in a research report on Thursday, September 22nd. FBR & Co set a $108.00 price target on EOG Resources and gave the company a buy rating in a research report on Monday, September 19th. Wunderlich lifted their price target on EOG Resources from $104.00 to $110.00 and gave the company a buy rating in a research report on Friday, October 7th. Guggenheim upgraded EOG Resources from a neutral rating to a buy rating and set a $113.00 price target for the company in a research report on Friday, November 11th. Finally, Vetr upgraded EOG Resources from a hold rating to a buy rating and set a $107.42 price target for the company in a research report on Monday, November 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the companys stock. The stock presently has an average rating of Buy and an average target price of $98.64.
In other EOG Resources news, Director Frank G. Wisner sold 1,250 shares of the businesss stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $104.55, for a total transaction of $130,687.50. Following the transaction, the director now owns 108,445 shares in the company, valued at $11,337,924.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy K. Driggers sold 10,000 shares of the businesss stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $102.08, for a total value of $1,020,800.00. Following the transaction, the chief financial officer now owns 148,477 shares in the company, valued at approximately $15,156,532.16. The disclosure for this sale can be found here. Company insiders own 0.52% of the companys stock.
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