Ladenburg Thalmann Financial Services Inc. lowered its position in EOG Resources Inc (NYSE:EOG) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,788 shares of the energy exploration company’s stock after selling 1,671 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in EOG Resources were worth $2,569,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Clearbridge Investments LLC raised its stake in shares of EOG Resources by 106.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after purchasing an additional 568 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $125,000. Finally, Quantbot Technologies LP acquired a new stake in EOG Resources during the third quarter worth about $153,000. Hedge funds and other institutional investors own 85.64% of the company’s stock.
EOG has been the topic of several research reports. BMO Capital Markets reiterated a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. Argus increased their price objective on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. UBS initiated coverage on shares of EOG Resources in a research note on Wednesday, March 7th. They set a “buy” rating and a $125.00 price objective on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $118.00 price objective on shares of EOG Resources in a research note on Tuesday, January 9th. Finally, Jefferies Group set a $111.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $119.04.
In related news, President Gary L. Thomas sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the sale, the president now directly owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. The disclosure for this sale can be found here. Insiders sold 59,322 shares of company stock valued at $6,700,092 over the last quarter. Insiders own 0.53% of the company’s stock.
EOG Resources Inc (NYSE:EOG) opened at $104.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The stock has a market cap of $60,629.52, a P/E ratio of 23.38, a PEG ratio of 3.24 and a beta of 1.09. EOG Resources Inc has a 1-year low of $81.99 and a 1-year high of $119.00.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.30. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. analysts anticipate that EOG Resources Inc will post 4.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.185 dividend. The ex-dividend date is Friday, April 13th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.71%. EOG Resources’s dividend payout ratio (DPR) is 15.02%.
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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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