EOG Resources Inc (EOG) Shares Bought by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. lifted its stake in EOG Resources Inc (NYSE:EOG) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,870 shares of the energy exploration company’s stock after purchasing an additional 216 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in EOG Resources were worth $464,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in EOG. Guidant Wealth Advisors grew its stake in shares of EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the period. Private Capital Group LLC grew its stake in shares of EOG Resources by 6.3% during the 4th quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock worth $163,000 after purchasing an additional 110 shares during the period. Lincoln National Corp grew its stake in shares of EOG Resources by 4.5% during the 4th quarter. Lincoln National Corp now owns 2,566 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 111 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of EOG Resources by 76.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Finally, Resources Management Corp CT ADV grew its stake in shares of EOG Resources by 9.3% during the 4th quarter. Resources Management Corp CT ADV now owns 1,355 shares of the energy exploration company’s stock worth $118,000 after purchasing an additional 115 shares during the period. 88.25% of the stock is owned by hedge funds and other institutional investors.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of EOG Resources 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 sale, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts forecast that EOG Resources Inc will post 5.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.2875 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.22%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.
EOG has been the topic of a number of analyst reports. ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Morgan Stanley set a $108.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Wednesday, May 8th. KeyCorp raised their price objective on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Oppenheimer initiated coverage on shares of EOG Resources in a research note on Wednesday, March 27th. They set an “outperform” rating and a $108.00 price objective on the stock. Finally, Raymond James set a $124.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $121.40.
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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 People's Republic of China, and Canada.
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