Nomura Holdings Inc. increased its stake in shares of EOG Resources Inc (NYSE:EOG) by 95.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 245,700 shares of the energy exploration company’s stock after acquiring an additional 119,799 shares during the quarter. Nomura Holdings Inc.’s holdings in EOG Resources were worth $22,868,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Zurich Insurance Group Ltd FI raised its position in EOG Resources by 4.1% in the second quarter. Zurich Insurance Group Ltd FI now owns 117,615 shares of the energy exploration company’s stock valued at $10,957,000 after purchasing an additional 4,610 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of EOG Resources by 26.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,718 shares of the energy exploration company’s stock valued at $346,000 after buying an additional 767 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of EOG Resources by 136.3% in the second quarter. Alberta Investment Management Corp now owns 139,400 shares of the energy exploration company’s stock valued at $12,987,000 after buying an additional 80,400 shares in the last quarter. Capital Bank & Trust Co grew its stake in shares of EOG Resources by 0.9% in the second quarter. Capital Bank & Trust Co now owns 745,583 shares of the energy exploration company’s stock valued at $69,396,000 after buying an additional 6,629 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of EOG Resources by 1,149.6% in the second quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock valued at $81,517,000 after buying an additional 804,996 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Shares of EOG Resources stock traded down $1.25 on Friday, hitting $80.36. The stock had a trading volume of 129,919 shares, compared to its average volume of 3,805,838. EOG Resources Inc has a 52-week low of $70.83 and a 52-week high of $133.53. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a market cap of $47.16 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.87 and a beta of 1.36. The company’s 50 day moving average price is $77.53 and its 200 day moving average price is $88.25.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts predict that EOG Resources Inc will post 5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s payout ratio is currently 20.76%.
EOG has been the subject of a number of research reports. Raymond James reaffirmed a “buy” rating and issued a $102.00 price objective on shares of EOG Resources in a research note on Thursday, August 22nd. SunTrust Banks lowered their target price on EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley lowered their target price on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. MKM Partners raised EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Tuesday, May 28th. Finally, Oppenheimer lowered their target price on EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and an average price target of $114.09.
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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