EOG Resources, Inc. (EOG) Shares Sold by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,879 shares of the energy exploration company’s stock after selling 400 shares during the quarter. Orleans Capital Management Corp LA’s holdings in EOG Resources were worth $1,709,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EOG. IHT Wealth Management LLC grew its holdings in EOG Resources by 4.1% during the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the last quarter. Winfield Associates Inc. grew its holdings in EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in EOG Resources by 60.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after acquiring an additional 401 shares during the last quarter. Exane Derivatives grew its holdings in EOG Resources by 19.8% during the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 192 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in EOG Resources by 17.3% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock worth $124,000 after acquiring an additional 187 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock worth $3,700,882 over the last ninety days. 0.53% of the stock is owned by insiders.

EOG has been the topic of a number of research analyst reports. Barclays PLC increased their price objective on shares of EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. EOG Resources has an average rating of “Buy” and an average price target of $108.28.

Shares of EOG Resources, Inc. (EOG) traded up 0.14% during trading on Friday, hitting $96.79. 661,825 shares of the stock traded hands. The company has a 50-day moving average of $91.83 and a 200-day moving average of $91.71. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37. The firm’s market cap is $55.89 billion.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company earned ($0.38) earnings per share. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post $0.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.

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EOG Resources Company Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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