A.R.T. Advisors LLC lessened its stake in EOG Resources Inc (NYSE:EOG) by 84.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,166 shares of the energy exploration company’s stock after selling 60,400 shares during the period. A.R.T. Advisors LLC’s holdings in EOG Resources were worth $1,040,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in EOG. Wealthcare Advisory Partners LLC raised its stake in shares of EOG Resources by 131.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after buying an additional 156 shares during the period. Knuff & Co LLC acquired a new position in EOG Resources in the 2nd quarter valued at $28,000. Truvestments Capital LLC acquired a new stake in shares of EOG Resources in the 2nd quarter worth $33,000. Tortoise Investment Management LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of EOG Resources during the 2nd quarter worth $37,000. 86.51% of the stock is owned by institutional investors and hedge funds.
EOG Resources stock opened at $74.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. EOG Resources Inc has a 1-year low of $70.83 and a 1-year high of $133.53. The company has a market cap of $44.58 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. The stock’s 50 day moving average price is $77.06 and its 200 day moving average price is $87.68.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources Inc will post 5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.
EOG has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $111.00 target price on EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. Citigroup lowered their target price on EOG Resources from $116.00 to $93.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wells Fargo & Co raised their target price on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Oppenheimer lowered their target price on EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Finally, TheStreet lowered EOG Resources from a “b-” rating to a “c” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.67.
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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