Boston Partners lowered its stake in shares of EOG Resources Inc (NYSE:EOG) by 28.5% during the first quarter, HoldingsChannel.com reports. The firm owned 31,127 shares of the energy exploration company’s stock after selling 12,399 shares during the period. Boston Partners’ holdings in EOG Resources were worth $2,963,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Guidant Wealth Advisors increased its position in shares of EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 101 shares in the last quarter. Private Capital Group LLC increased its position in shares of EOG Resources by 6.3% in the fourth quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock worth $163,000 after acquiring an additional 110 shares in the last quarter. Lincoln National Corp increased its position in shares of EOG Resources by 4.5% in the fourth quarter. Lincoln National Corp now owns 2,566 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 111 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Finally, Resources Management Corp CT ADV increased its position in shares of EOG Resources by 9.3% in the fourth quarter. Resources Management Corp CT ADV now owns 1,355 shares of the energy exploration company’s stock worth $118,000 after acquiring an additional 115 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on EOG shares. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. TD Securities dropped their price objective on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. JPMorgan Chase & Co. set a $116.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 25th. Argus set a $120.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, KeyCorp started coverage on shares of EOG Resources in a research report on Thursday, January 31st. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $121.40.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.16. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. Equities analysts forecast that EOG Resources Inc will post 5.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, July 16th. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.
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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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