USS Investment Management Ltd lifted its position in EOG Resources Inc (NYSE:EOG) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,816 shares of the energy exploration company’s stock after acquiring an additional 70,816 shares during the quarter. EOG Resources makes up approximately 1.7% of USS Investment Management Ltd’s portfolio, making the stock its 24th largest position. USS Investment Management Ltd owned about 0.23% of EOG Resources worth $156,114,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. bought a new stake in shares of EOG Resources in the 1st quarter worth $763,000. BlackRock Inc. grew its stake in shares of EOG Resources by 0.6% in the 1st quarter. BlackRock Inc. now owns 35,115,040 shares of the energy exploration company’s stock worth $3,696,557,000 after acquiring an additional 204,958 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in shares of EOG Resources by 397.3% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 219,194 shares of the energy exploration company’s stock worth $23,075,000 after acquiring an additional 175,120 shares in the last quarter. Security National Bank grew its stake in shares of EOG Resources by 1.6% in the 1st quarter. Security National Bank now owns 28,349 shares of the energy exploration company’s stock worth $2,984,000 after acquiring an additional 459 shares in the last quarter. Finally, KBC Group NV grew its position in EOG Resources by 5.4% during the first quarter. KBC Group NV now owns 514,764 shares of the energy exploration company’s stock valued at $54,189,000 after buying an additional 26,162 shares during the period. Hedge funds and other institutional investors own 85.28% of the company’s stock.
In other news, Director Frank G. Wisner sold 890 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $115.81, for a total value of $103,070.90. Following the sale, the director now directly owns 118,700 shares of the company’s stock, valued at $13,746,647. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Gary L. Thomas sold 50,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $125.36, for a total transaction of $6,268,000.00. Following the completion of the sale, the president now directly owns 988,947 shares in the company, valued at $123,974,395.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,453 shares of company stock worth $8,423,028. Insiders own 0.51% of the company’s stock.
Several equities analysts recently weighed in on EOG shares. Stifel Nicolaus set a $146.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Monday, April 23rd. UBS started coverage on shares of EOG Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target for the company. Piper Jaffray Companies set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, March 14th. 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. Finally, Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $122.57.
EOG Resources opened at $126.96 on Monday, according to Marketbeat Ratings. The stock has a market cap of $72.81 billion, a price-to-earnings ratio of 113.35, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $126.48. The company has a current ratio of 1.26, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.39. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The company’s revenue was up 41.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. analysts anticipate that EOG Resources Inc will post 4.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, July 16th. EOG Resources’s dividend payout ratio (DPR) is presently 66.07%.
EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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