Davis R M Inc. lowered its position in shares of EOG Resources Inc (NYSE:EOG) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,142 shares of the energy exploration company’s stock after selling 1,179 shares during the period. Davis R M Inc.’s holdings in EOG Resources were worth $299,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in EOG Resources by 7.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock valued at $8,333,000 after acquiring an additional 6,689 shares during the period. American International Group Inc. lifted its holdings in EOG Resources by 5.7% in the fourth quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock valued at $21,303,000 after acquiring an additional 13,180 shares during the period. Culbertson A N & Co. Inc. lifted its holdings in EOG Resources by 1.4% in the first quarter. Culbertson A N & Co. Inc. now owns 39,524 shares of the energy exploration company’s stock valued at $3,762,000 after acquiring an additional 544 shares during the period. Jag Capital Management LLC lifted its holdings in EOG Resources by 1.0% in the first quarter. Jag Capital Management LLC now owns 21,464 shares of the energy exploration company’s stock valued at $2,043,000 after acquiring an additional 223 shares during the period. Finally, PFG Advisors acquired a new position in EOG Resources in the fourth quarter valued at approximately $1,274,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.
Several analysts recently commented on EOG shares. Raymond James set a $124.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Friday, January 25th. Morgan Stanley set a $106.00 price target on 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 research report on Wednesday, January 30th. Finally, KeyCorp started coverage on 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 assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $121.84.
In related news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction dated 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 sale, 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 filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.
Shares of NYSE:EOG traded down $2.72 during trading on Wednesday, hitting $92.91. The company’s stock had a trading volume of 2,869,900 shares, 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. The stock has a market cap of $53.98 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.24. EOG Resources Inc has a fifty-two week low of $82.04 and a fifty-two week high of $133.53.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. EOG Resources’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. On average, equities research analysts predict that EOG Resources Inc will post 5.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.2875 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s payout ratio is currently 15.88%.
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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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