Spinnaker Trust increased its holdings in EOG Resources Inc (NYSE:EOG) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,338 shares of the energy exploration company’s stock after acquiring an additional 881 shares during the quarter. Spinnaker Trust’s holdings in EOG Resources were worth $2,601,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its holdings in EOG Resources by 7.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock worth $8,333,000 after buying an additional 6,689 shares in the last quarter. American International Group Inc. increased its holdings in EOG Resources by 5.7% in the 4th quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock worth $21,303,000 after buying an additional 13,180 shares in the last quarter. Culbertson A N & Co. Inc. increased its holdings in EOG Resources by 1.4% in the 1st quarter. Culbertson A N & Co. Inc. now owns 39,524 shares of the energy exploration company’s stock worth $3,762,000 after buying an additional 544 shares in the last quarter. Jag Capital Management LLC grew its stake in shares of EOG Resources by 1.0% during the 1st quarter. Jag Capital Management LLC now owns 21,464 shares of the energy exploration company’s stock valued at $2,043,000 after purchasing an additional 223 shares during the period. Finally, PFG Advisors bought a new stake in shares of EOG Resources during the 4th quarter valued at about $1,274,000. 87.19% of the stock is owned by institutional investors.
A number of research firms have issued reports on EOG. Guggenheim restated a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. Susquehanna Bancshares upgraded EOG Resources from a “neutral” rating to a “positive” rating and boosted their price target for the company from $107.00 to $115.00 in a research note on Monday, May 6th. MKM Partners cut their price target on EOG Resources from $121.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Co started coverage on EOG Resources in a research report on Monday. They set an “outperform” rating and a $110.00 price objective on the stock. One 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.84.
NYSE:EOG traded down $1.69 during trading hours on Friday, reaching $87.16. The stock had a trading volume of 3,757,400 shares, compared to its average volume of 3,944,782. 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 52 week low of $82.04 and a 52 week high of $133.53. The company has a market cap of $51.56 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.17 and a beta of 1.24.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion for 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 revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. As a group, analysts anticipate that EOG Resources Inc will post 5.82 EPS for the current year.
The business also recently announced 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. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.32%. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s payout ratio is currently 15.88%.
In other news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
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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