Invictus RG purchased a new stake in EOG Resources Inc (NYSE:EOG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,663 shares of the energy exploration company’s stock, valued at approximately $395,000.
A number of other hedge funds have also added to or reduced their stakes in EOG. Public Employees Retirement System of Ohio boosted its stake in shares of EOG Resources by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after purchasing an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of EOG Resources by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,245,132 shares of the energy exploration company’s stock valued at $120,454,000 after purchasing an additional 49,303 shares during the period. Toronto Dominion Bank raised its stake in shares of EOG Resources by 4.1% during the fourth quarter. Toronto Dominion Bank now owns 251,719 shares of the energy exploration company’s stock valued at $27,162,000 after purchasing an additional 9,840 shares during the period. Artisan Partners Limited Partnership grew its position in shares of EOG Resources by 14.2% during the third quarter. Artisan Partners Limited Partnership now owns 462,688 shares of the energy exploration company’s stock worth $44,760,000 after buying an additional 57,441 shares in the last quarter. Finally, Southport Management L.L.C. acquired a new stake in shares of EOG Resources during the third quarter worth approximately $967,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.
In other news, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the transaction, the executive vice president now owns 75,118 shares in the company, valued at approximately $7,962,508. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is currently owned by insiders.
EOG has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Monday, January 15th. Credit Suisse Group began coverage on shares of EOG Resources in a report on Monday, December 11th. They set a “neutral” rating and a $106.00 price target for the company. Robert W. Baird cut their price objective on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Citigroup upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, January 3rd. Finally, Argus lifted their price target on EOG Resources to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. EOG Resources presently has an average rating of “Buy” and an average target price of $118.88.
EOG Resources Inc (NYSE:EOG) traded down $0.14 during trading hours on Wednesday, hitting $99.89. The company had a trading volume of 2,190,000 shares, compared to its average volume of 3,680,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20. The company has a market capitalization 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 Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.30. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.03 billion. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. research analysts anticipate that EOG Resources Inc will post 4.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a dividend of $0.185 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, April 13th. EOG Resources’s dividend payout ratio (DPR) is presently -21.34%.
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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