Ackerman Capital Advisors LLC Invests $1.12 Million in EOG Resources, Inc. (NYSE:EOG)

Ackerman Capital Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,391 shares of the energy exploration company’s stock, valued at approximately $1,122,000.

Other hedge funds have also recently modified their holdings of the company. Capital Research Global Investors raised its holdings in EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares during the period. Vanguard Group Inc. raised its holdings in EOG Resources by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. BlackRock Inc. raised its holdings in EOG Resources by 2,098.0% in the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after acquiring an additional 34,114,299 shares during the period. Capital World Investors raised its holdings in EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the period. Finally, Northern Trust Corp raised its holdings in EOG Resources by 8.7% in the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after acquiring an additional 638,183 shares during the period. 85.39% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on the stock. Imperial Capital assumed coverage on shares of EOG Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays PLC reiterated an “overweight” rating and set a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Atlantic Securities upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $108.28.

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EOG Resources, Inc. (EOG) traded up 0.19% during mid-day trading on Tuesday, hitting $97.39. 581,390 shares of the stock traded hands. The stock’s market cap is $56.24 billion. The company’s 50 day moving average price is $92.40 and its 200-day moving average price is $91.67. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the company earned ($0.38) EPS. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. Analysts predict that EOG Resources, Inc. will post $0.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a $0.1675 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.69%. EOG Resources’s dividend payout ratio is presently -131.37%.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock worth $3,700,882 in the last quarter. Insiders own 0.53% of the company’s stock.

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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