EOG Resources Inc (EOG) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in EOG Resources Inc (NYSE:EOG) by 271.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Culbertson A N & Co. Inc. grew its position in EOG Resources by 1.1% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock worth $4,778,000 after acquiring an additional 415 shares during the last quarter. Creative Planning grew its position in EOG Resources by 1.0% during the 2nd quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock worth $5,227,000 after acquiring an additional 417 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in EOG Resources by 1.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock worth $2,546,000 after acquiring an additional 423 shares during the last quarter. Bainco International Investors grew its position in EOG Resources by 0.5% during the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock worth $10,539,000 after acquiring an additional 438 shares during the last quarter. Finally, Parkwood LLC grew its position in EOG Resources by 8.3% during the 2nd quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock worth $715,000 after acquiring an additional 438 shares during the last quarter. Institutional investors and hedge funds own 86.16% of the company’s stock.

EOG opened at $129.83 on Tuesday. EOG Resources Inc has a 52 week low of $95.36 and a 52 week high of $131.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market capitalization of $73.89 billion, a PE ratio of 115.92, a PEG ratio of 1.87 and a beta of 1.00.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 62.2% on a year-over-year basis. As a group, research analysts expect that EOG Resources Inc will post 5.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, October 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s dividend payout ratio (DPR) is 66.07%.

In related news, Director Charles R. Crisp sold 1,792 shares of EOG Resources stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David W. Trice sold 2,489 shares of EOG Resources stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total value of $317,198.16. Following the completion of the sale, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,346 shares of company stock valued at $7,508,977. 0.51% of the stock is owned by corporate insiders.

Several research firms recently issued reports on EOG. Stephens set a $122.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Piper Jaffray Companies set a $138.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Sunday, September 30th. Stifel Nicolaus set a $147.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Friday, August 3rd. Morgan Stanley increased their price objective on EOG Resources from $122.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $136.10.

EOG Resources 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 United Kingdom, the People's Republic of China, and Canada.

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

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