Swedbank raised its holdings in shares of EOG Resources Inc (NYSE:EOG) by 35.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,606,207 shares of the energy exploration company’s stock after acquiring an additional 416,908 shares during the period. Swedbank owned about 0.28% of EOG Resources worth $152,879,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC boosted its stake in shares of EOG Resources by 76.4% during the first 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 during the period. Guidant Wealth Advisors boosted its stake in shares of EOG Resources by 50.5% during the first 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 during the period. Athena Capital Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $46,000. Legacy Financial Advisors Inc. boosted its stake in shares of EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of EOG Resources during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.19% of the company’s stock.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
EOG Resources stock traded down $1.69 on Friday, hitting $87.16. 3,757,400 shares of the stock traded hands, compared to its average volume of 3,944,782. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $51.56 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.17 and a beta of 1.24. EOG Resources Inc has a 1 year low of $82.04 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $1.03 by $0.16. The business 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%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. Analysts predict that EOG Resources Inc will post 5.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a yield of 1.32%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.
A number of analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. Susquehanna Bancshares raised EOG Resources from a “neutral” rating to a “positive” rating and raised their price target for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. MKM Partners dropped 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 note on Wednesday, March 20th. Finally, Wells Fargo & Co assumed coverage on EOG Resources in a research note on Monday. They issued an “outperform” rating and a $110.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $121.84.
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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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