Trillium Asset Management LLC decreased its position in shares of EOG Resources Inc (NYSE:EOG) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,205 shares of the energy exploration company’s stock after selling 2,886 shares during the quarter. Trillium Asset Management LLC’s holdings in EOG Resources were worth $9,252,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of EOG. Valeo Financial Advisors LLC boosted its holdings in EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. Guidant Wealth Advisors boosted its holdings in EOG Resources by 50.5% in the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Essex Savings Bank lifted its position in shares of EOG Resources by 87.0% during the 1st quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. Athena Capital Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at approximately $46,000. Finally, Legacy Financial Advisors Inc. lifted its position in shares of EOG Resources by 108.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after acquiring an additional 287 shares during the period. 88.25% of the stock is currently owned by institutional investors.
Shares of EOG Resources stock traded up $1.69 during trading on Thursday, hitting $96.05. 57,906 shares of the company were exchanged, compared to its average volume of 4,013,944. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94. EOG Resources Inc has a fifty-two week low of $82.04 and a fifty-two week high of $133.53. The company has a market capitalization of $55.47 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.15 and a beta of 1.24.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. As a group, research analysts expect that EOG Resources Inc will post 5.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, July 16th. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a yield of 1.20%. EOG Resources’s payout ratio is 15.88%.
A number of research firms have recently issued reports on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday, May 9th. Morgan Stanley set a $108.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Wednesday, May 8th. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and lifted their price target for the company from $107.00 to $115.00 in a research report on Monday, May 6th. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, KeyCorp lifted their price target on shares of EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus target price of $121.40.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at approximately $10,478,138.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
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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 People's Republic of China, and Canada.
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