Daiwa Securities Group Inc. cut its stake in EOG Resources Inc (NYSE:EOG) by 39.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,499 shares of the energy exploration company’s stock after selling 22,040 shares during the quarter. Daiwa Securities Group Inc.’s holdings in EOG Resources were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in EOG Resources by 0.6% during the third quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after acquiring an additional 268,736 shares during the period. BlackRock Inc. lifted its stake in shares of EOG Resources by 1.0% in the fourth quarter. BlackRock Inc. now owns 34,877,905 shares of the energy exploration company’s stock valued at $3,041,702,000 after buying an additional 361,848 shares during the period. Northern Trust Corp lifted its stake in shares of EOG Resources by 2.5% in the fourth quarter. Northern Trust Corp now owns 7,867,393 shares of the energy exploration company’s stock valued at $686,115,000 after buying an additional 194,831 shares during the period. Geode Capital Management LLC lifted its stake in shares of EOG Resources by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock valued at $591,653,000 after buying an additional 486,443 shares during the period. Finally, Norges Bank bought a new stake in shares of EOG Resources in the fourth quarter valued at about $504,826,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on EOG shares. Raymond James set a $124.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. JPMorgan Chase & Co. set a $116.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, January 25th. Morgan Stanley set a $106.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 price objective on shares of EOG Resources in a report on Wednesday, January 30th. Finally, KeyCorp began coverage on shares of EOG Resources in a report on Thursday, January 31st. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources has an average rating of “Buy” and an average price target of $121.84.
In other news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
EOG traded down $2.72 during trading on Wednesday, reaching $92.91. 2,869,900 shares of the company’s stock were exchanged, compared to its average volume of 3,941,558. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14. EOG Resources Inc has a fifty-two week low of $82.04 and a fifty-two week high of $133.53. The firm has a market capitalization of $53.98 billion, a PE ratio of 16.77, a P/E/G ratio of 1.14 and a beta of 1.24.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. Equities analysts forecast that EOG Resources Inc will post 5.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.
About EOG Resources
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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