HM Payson & Co. bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,860 shares of the company’s stock, valued at approximately $277,000.
Other institutional investors have also modified their holdings of the company. Gagnon Securities LLC grew its position in EOG Resources by 0.3% during the second quarter. Gagnon Securities LLC now owns 3,018 shares of the company’s stock valued at $273,000 after buying an additional 8 shares during the period. Winfield Associates Inc. grew its position in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the company’s stock valued at $103,000 after buying an additional 19 shares during the period. Quadrant Capital Group LLC grew its position in EOG Resources by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the company’s stock valued at $418,000 after buying an additional 23 shares during the period. Bank of The West grew its position in EOG Resources by 0.8% during the second quarter. Bank of The West now owns 3,751 shares of the company’s stock valued at $339,000 after buying an additional 28 shares during the period. Finally, IHT Wealth Management LLC grew its position in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the company’s stock valued at $101,000 after buying an additional 41 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.
EOG Resources, Inc. (NYSE EOG) traded down C$0.20 during trading on Monday, hitting C$104.58. 3,383,200 shares of the stock were exchanged, compared to its average volume of 3,137,529. EOG Resources, Inc. has a twelve month low of C$81.99 and a twelve month high of C$109.37. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The stock has a market cap of $60,470.16, a P/E ratio of 255.07, a price-to-earnings-growth ratio of 14.97 and a beta of 0.99.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of C$2.64 billion during the quarter, compared to analysts’ expectations of C$2.59 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. equities research analysts forecast that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is 6,700.00%.
Several analysts recently commented on EOG shares. Barclays PLC restated an “overweight” rating and set a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $98.00 in a research report on Friday, July 21st. Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Scotiabank reiterated a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of C$108.79.
In other news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$97.03, for a total value of C$330,969.33. Following the completion of the transaction, the director now owns 53,196 shares in the company, valued at approximately C$5,161,607.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$96.63, for a total transaction of C$2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares of the company’s stock, valued at approximately C$103,149,142.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,692 shares of company stock valued at $3,717,390. Company insiders own 0.53% of the company’s stock.
EOG Resources Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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