Parkside Investments LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,167 shares of the energy exploration company’s stock after purchasing an additional 2,359 shares during the period. EOG Resources comprises about 2.5% of Parkside Investments LLC’s investment portfolio, making the stock its 9th biggest position. Parkside Investments LLC’s holdings in EOG Resources were worth $4,273,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. BlackRock Inc. lifted its position in EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares in the last quarter. Capital Research Global Investors lifted its position in EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after purchasing an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. lifted its position in EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares in the last quarter. Capital World Investors lifted its position in EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after purchasing an additional 1,452,947 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.
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Several equities analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on EOG Resources from $107.00 to $110.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Jefferies Group LLC boosted their price objective on EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Imperial Capital initiated coverage on EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co boosted their target price on EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Two investment 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. The stock currently has an average rating of “Buy” and an average price target of $108.79.
Shares of EOG Resources, Inc. (NYSE EOG) traded down $0.02 on Monday, reaching $104.56. The company’s stock had a trading volume of 888,765 shares, compared to its average volume of 3,137,529. The firm has a market cap of $60,320.00, a P/E ratio of 255.07, a P/E/G ratio of 14.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the firm earned ($0.40) EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. analysts predict that EOG Resources, Inc. will post 0.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In other news, EVP Michael P. Donaldson sold 6,167 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the sale, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the sale, the executive vice president now owns 80,415 shares in the company, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock worth $3,717,390 over the last 90 days. Insiders own 0.53% of the company’s stock.
EOG Resources Company 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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