BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of EOG Resources Inc (NYSE:EOG) by 42.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,442 shares of the energy exploration company’s stock after selling 80,610 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in EOG Resources were worth $10,512,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC grew its stake 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 acquiring an additional 113 shares during the last quarter. Guidant Wealth Advisors grew its stake 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 acquiring an additional 101 shares during the last quarter. Essex Savings Bank grew its stake in EOG Resources by 87.0% in 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 last quarter. Athena Capital Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $46,000. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of EOG Resources during the 1st quarter worth about $48,000. Hedge funds and other institutional investors own 86.80% of the company’s stock.
Shares of EOG traded down $1.32 during midday trading on Friday, hitting $85.17. 2,702,568 shares of the stock traded hands, compared to its average volume of 3,879,372. EOG Resources Inc has a 1-year low of $80.41 and a 1-year high of $133.53. 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 company has a market cap of $50.13 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the business earned $1.19 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Analysts predict that EOG Resources Inc will post 5.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.2875 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, July 16th. EOG Resources’s payout ratio is currently 15.88%.
Several equities research analysts have issued reports on the stock. Goldman Sachs Group cut shares of EOG Resources to a “buy” rating in a research note on Friday, April 12th. KeyCorp raised their target price on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. MKM Partners reissued a “neutral” rating and issued a $109.00 target price on shares of EOG Resources in a research report on Tuesday, April 16th. Citigroup started coverage on shares of EOG Resources in a report on Tuesday, April 9th. They issued a “buy” rating on the stock. Finally, ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.44.
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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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