Nippon Life Global Investors Americas Inc. reduced its stake in EOG Resources Inc (NYSE:EOG) by 44.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,370 shares of the energy exploration company’s stock after selling 19,230 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in EOG Resources were worth $2,629,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 21.1% during the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after buying an additional 1,118,898 shares during the last quarter. Geode Capital Management LLC boosted its holdings in EOG Resources by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock valued at $607,661,000 after purchasing an additional 161,514 shares in the last quarter. Carmignac Gestion boosted its holdings in EOG Resources by 6.1% in the 3rd quarter. Carmignac Gestion now owns 4,573,922 shares of the energy exploration company’s stock valued at $442,481,000 after purchasing an additional 262,164 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in EOG Resources by 0.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock valued at $435,304,000 after purchasing an additional 27,075 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in EOG Resources by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock valued at $315,223,000 after purchasing an additional 422,672 shares in the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.
In related news, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the transaction, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by company insiders.
Shares of EOG Resources Inc (NYSE EOG) traded down $0.16 during trading hours on Wednesday, hitting $99.89. 2,189,310 shares of the company traded hands, compared to its average volume of 3,680,000. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market cap of $57,800.00, a P/E ratio of -31.81, a PEG ratio of 3.20 and a beta of 1.09.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.03 billion. sell-side analysts predict that EOG Resources Inc will post 4.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.74%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. EOG Resources’s dividend payout ratio (DPR) is currently -21.34%.
A number of research firms have recently issued reports on EOG. Jefferies Group set a $111.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, March 8th. UBS Group assumed coverage on EOG Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price objective for the company. Sanford C. Bernstein cut their price target on EOG Resources from $143.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, March 2nd. Royal Bank of Canada reissued a “hold” rating and set a $112.00 price objective on shares of EOG Resources in a research note on Thursday, March 1st. Finally, TheStreet raised shares of EOG Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $118.88.
EOG Resources 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.
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