Tower Research Capital LLC TRC increased its holdings in EOG Resources Inc (NYSE:EOG) by 271.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,771 shares of the energy exploration company’s stock after acquiring an additional 7,873 shares during the quarter. Tower Research Capital LLC TRC’s holdings in EOG Resources were worth $1,340,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in EOG. FMR LLC lifted its stake in shares of EOG Resources by 17.5% in the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after acquiring an additional 3,822,930 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of EOG Resources in the second quarter worth about $104,146,000. Fenimore Asset Management Inc. acquired a new position in shares of EOG Resources in the second quarter worth about $86,564,000. Northside Capital Management LLC acquired a new position in shares of EOG Resources in the second quarter worth about $79,851,000. Finally, Findlay Park Partners LLP lifted its stake in shares of EOG Resources by 45.1% in the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after acquiring an additional 597,717 shares in the last quarter. Institutional investors and hedge funds own 86.16% of the company’s stock.
Several research analysts recently commented on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Thursday, August 30th. Barclays assumed coverage on EOG Resources in a research note on Wednesday, August 29th. They set an “overweight” rating and a $144.00 price objective on the stock. Morgan Stanley cut their price objective on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. ValuEngine cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, TD Securities upped their price objective on EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $135.33.
Shares of NYSE EOG opened at $117.82 on Friday. EOG Resources Inc has a 52-week low of $91.86 and a 52-week high of $131.60. The company has a market cap of $67.73 billion, a price-to-earnings ratio of 105.20, a PEG ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The business’s revenue was up 62.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. equities research analysts predict that EOG Resources Inc will post 5.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. EOG Resources’s dividend payout ratio is 66.07%.
About EOG Resources
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 United Kingdom, the People's Republic of China, and Canada.
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