Northside Capital Management LLC lessened its position in shares of EOG Resources Inc (NYSE:EOG) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,234 shares of the energy exploration company’s stock after selling 146 shares during the quarter. EOG Resources comprises 14.4% of Northside Capital Management LLC’s holdings, making the stock its 2nd biggest position. Northside Capital Management LLC owned 0.09% of EOG Resources worth $40,616,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC increased its stake in EOG Resources by 131.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares in the last quarter. Knuff & Co LLC acquired a new position in EOG Resources during the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new position in EOG Resources during the 2nd quarter valued at approximately $33,000. Tortoise Investment Management LLC acquired a new stake in shares of EOG Resources in the second quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of EOG Resources in the second quarter worth $37,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.
A number of analysts have recently weighed in on EOG shares. Oppenheimer cut their price objective on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Wells Fargo & Co increased their price objective on shares of EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Piper Jaffray Companies set a $111.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley cut their price objective on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Finally, Guggenheim set a $108.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $111.57.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts predict that EOG Resources Inc will post 4.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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