Autus Asset Management LLC lifted its stake in EOG Resources Inc (NYSE:EOG) by 65.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the energy exploration company’s stock after buying an additional 4,350 shares during the period. Autus Asset Management LLC’s holdings in EOG Resources were worth $1,047,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of EOG Resources in the 3rd quarter worth about $236,000. LPL Financial LLC increased its stake in shares of EOG Resources by 7.4% in the 3rd quarter. LPL Financial LLC now owns 62,700 shares of the energy exploration company’s stock worth $7,999,000 after acquiring an additional 4,330 shares in the last quarter. Vident Investment Advisory LLC increased its stake in shares of EOG Resources by 9.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 7,419 shares of the energy exploration company’s stock worth $946,000 after acquiring an additional 671 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of EOG Resources in the 3rd quarter worth about $773,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of EOG Resources by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,855 shares of the energy exploration company’s stock worth $3,171,000 after acquiring an additional 549 shares in the last quarter. 87.89% of the stock is owned by institutional investors.
Shares of EOG stock opened at $102.35 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $61.09 billion, a P/E ratio of 18.47, a PEG ratio of 1.48 and a beta of 1.26. EOG Resources Inc has a one year low of $82.04 and a one year high of $133.53.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, analysts forecast that EOG Resources Inc will post 4.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is presently 15.88%.
Several brokerages recently issued reports on EOG. Guggenheim reiterated a “buy” rating and issued a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Friday, January 4th. MKM Partners cut their price objective on shares of EOG Resources from $121.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a research report on Wednesday, January 9th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $123.00.
In other news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
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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 People's Republic of China, and Canada.
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