Cigna Investments Inc. New decreased its stake in shares of EOG Resources Inc (NYSE:EOG) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,144 shares of the energy exploration company’s stock after selling 2,384 shares during the quarter. Cigna Investments Inc. New’s holdings in EOG Resources were worth $2,226,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in EOG Resources by 4.1% during the 4th quarter. Toronto Dominion Bank now owns 251,719 shares of the energy exploration company’s stock worth $27,162,000 after purchasing an additional 9,840 shares during the period. Xact Kapitalforvaltning AB increased its holdings in EOG Resources by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 56,652 shares of the energy exploration company’s stock worth $6,113,000 after purchasing an additional 6,991 shares during the period. Elefante Mark B purchased a new stake in EOG Resources during the 4th quarter worth about $279,000. Welch & Forbes LLC increased its holdings in EOG Resources by 7.6% during the 4th quarter. Welch & Forbes LLC now owns 58,767 shares of the energy exploration company’s stock worth $6,341,000 after purchasing an additional 4,149 shares during the period. Finally, RiverPoint Capital Management LLC increased its holdings in EOG Resources by 0.6% during the 4th quarter. RiverPoint Capital Management LLC now owns 151,799 shares of the energy exploration company’s stock worth $16,381,000 after purchasing an additional 920 shares during the period. Institutional investors own 85.28% of the company’s stock.
In other EOG Resources news, Director Frank G. Wisner sold 890 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the sale, the director now directly owns 118,700 shares of the company’s stock, valued at approximately $13,746,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy K. Driggers sold 10,489 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $126.31, for a total value of $1,324,865.59. Following the sale, the chief financial officer now directly owns 205,338 shares of the company’s stock, valued at $25,936,242.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,453 shares of company stock valued at $8,423,028. Insiders own 0.51% of the company’s stock.
Shares of EOG Resources opened at $127.45 on Tuesday, according to Marketbeat. The stock has a market capitalization of $72.81 billion, a P/E ratio of 58.51, a PEG ratio of 3.43 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. EOG Resources Inc has a 52-week low of $81.99 and a 52-week high of $128.03.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.39. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.51 billion. EOG Resources had a return on equity of 8.19% and a net margin of 26.00%. The business’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. research analysts forecast that EOG Resources Inc will post 4.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Saturday, July 7th will be given a $0.185 dividend. The ex-dividend date of this dividend is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.58%. EOG Resources’s dividend payout ratio (DPR) is presently 66.07%.
Several equities research analysts have weighed in on EOG shares. Zacks Investment Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, April 9th. Royal Bank of Canada set a $120.00 price objective on EOG Resources and gave the company a “hold” rating in a report on Friday, April 13th. UBS assumed coverage on EOG Resources in a report on Wednesday, March 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Credit Suisse Group dropped their price objective on EOG Resources from $126.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. One investment 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’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $122.57.
EOG Resources Company 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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