EOG Resources Inc (EOG) Shares Reduced by UBS Asset Management Americas Inc.

EOG Resources Inc (EOG) Shares Reduced by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. cut its stake in shares of EOG Resources Inc (NYSE:EOG) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,955,351 shares of the energy exploration company’s stock after selling 230,274 shares during the period. UBS Asset Management Americas Inc.’s holdings in EOG Resources were worth $288,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EOG. First Interstate Bank boosted its stake in shares of EOG Resources by 27.5% in the fourth quarter. First Interstate Bank now owns 1,165 shares of the energy exploration company’s stock valued at $118,000 after buying an additional 251 shares during the last quarter. Webster Bank N. A. raised its position in shares of EOG Resources by 92.2% in the first quarter. Webster Bank N. A. now owns 1,240 shares of the energy exploration company’s stock valued at $121,000 after buying an additional 595 shares during the period. Dubuque Bank & Trust Co. raised its position in shares of EOG Resources by 2.2% in the first quarter. Dubuque Bank & Trust Co. now owns 1,278 shares of the energy exploration company’s stock valued at $125,000 after buying an additional 27 shares during the period. Ancora Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $134,000. Finally, Massey Quick & Co. LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $135,000. Institutional investors own 85.49% of the company’s stock.

Shares of EOG Resources Inc (NYSE EOG) opened at 90.40 on Friday. EOG Resources Inc has a 52-week low of $78.04 and a 52-week high of $109.37. The firm has a 50-day moving average price of $92.80 and a 200-day moving average price of $98.10. The firm’s market cap is $52.19 billion. EOG Resources also was the target of unusually large options trading activity on Wednesday. Traders acquired 764 call options on the company. This is an increase of 192% compared to the typical daily volume of 262 call options.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business posted ($0.83) earnings per share. EOG Resources’s revenue for the quarter was up 92.8% compared to the same quarter last year. Analysts predict that EOG Resources Inc will post $1.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.

Several equities analysts have recently commented on the company. Iberia Capital upped their price target on EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. Wells Fargo & Co raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, May 10th. BMO Capital Markets reaffirmed a “buy” rating on shares of EOG Resources in a research note on Tuesday, May 9th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $109.00 price target on shares of EOG Resources in a research note on Tuesday, April 25th. Finally, Bank of America Corp reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $106.89.

In other news, Director Frank G. Wisner sold 28,000 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $93.35, for a total value of $2,613,800.00. Following the transaction, the director now directly owns 136,282 shares of the company’s stock, valued at $12,721,924.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 2,593 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $100.02, for a total transaction of $259,351.86. Following the completion of the transaction, the director now directly owns 49,613 shares in the company, valued at $4,962,292.26. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

About EOG Resources

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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