Teachers Insurance & Annuity Association of America acquired a new stake in EOG Resources Inc (NYSE:EOG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,774 shares of the energy exploration company’s stock, valued at approximately $624,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC grew its holdings in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of EOG Resources by 106.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $123,000. Cerebellum GP LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $125,000. Finally, Quantbot Technologies LP acquired a new stake in shares of EOG Resources during the 3rd quarter worth $153,000. 85.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc (EOG) opened at $100.05 on Wednesday. The firm has a market capitalization of $58,239.76, a PE ratio of 90.68, a P/E/G ratio of 3.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.30. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.03 billion. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. equities analysts predict that EOG Resources Inc will post 4.11 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Friday, April 13th. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a yield of 0.74%. EOG Resources’s dividend payout ratio (DPR) is currently 15.02%.
Several analysts have recently issued reports on the company. Jefferies Group set a $111.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Thursday, March 8th. UBS Group assumed coverage on EOG Resources in a report on Wednesday, March 7th. They set a “buy” rating and a $125.00 target price on the stock. Sanford C. Bernstein reduced their target price on EOG Resources from $143.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, March 2nd. Royal Bank of Canada reissued a “hold” rating and set a $112.00 target price on shares of EOG Resources in a report on Thursday, March 1st. Finally, TheStreet raised EOG Resources from a “c” rating to a “b” rating in a report 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 issued a strong buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus target price of $118.88.
In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Insiders sold 69,934 shares of company stock valued at $7,820,085 over the last quarter. Corporate insiders own 0.53% 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.
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