Chelsea Counsel Co. Boosts Stake in EOG Resources Inc (EOG)

Chelsea Counsel Co. raised its stake in shares of EOG Resources Inc (NYSE:EOG) by 42.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,875 shares of the energy exploration company’s stock after purchasing an additional 6,510 shares during the quarter. EOG Resources accounts for about 1.3% of Chelsea Counsel Co.’s investment portfolio, making the stock its 25th biggest position. Chelsea Counsel Co.’s holdings in EOG Resources were worth $2,360,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of EOG Resources by 0.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock worth $418,000 after purchasing an additional 23 shares during the period. Frontier Wealth Management LLC increased its holdings in shares of EOG Resources by 2.5% during the 2nd quarter. Frontier Wealth Management LLC now owns 2,361 shares of the energy exploration company’s stock worth $214,000 after purchasing an additional 58 shares during the period. Wunderlich Capital Managemnt increased its holdings in shares of EOG Resources by 3.1% during the 2nd quarter. Wunderlich Capital Managemnt now owns 2,887 shares of the energy exploration company’s stock worth $261,000 after purchasing an additional 87 shares during the period. National Asset Management Inc. increased its holdings in shares of EOG Resources by 4.4% during the 2nd quarter. National Asset Management Inc. now owns 2,796 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 119 shares during the period. Finally, Gofen & Glossberg LLC IL increased its holdings in shares of EOG Resources by 1.8% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 7,863 shares of the energy exploration company’s stock worth $712,000 after purchasing an additional 137 shares during the period. Institutional investors own 85.25% of the company’s stock.

Several research analysts have recently issued reports on EOG shares. Piper Jaffray Companies restated a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a report on Wednesday, November 22nd. Argus boosted their price objective on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets restated a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a report on Thursday. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Citigroup upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $114.38.

In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares in the company, valued at $112,962,118.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,048 shares of company stock worth $8,189,473. Company insiders own 0.53% of the company’s stock.

EOG Resources Inc (NYSE:EOG) traded up $3.13 during midday trading on Friday, reaching $115.14. 3,828,100 shares of the company were exchanged, compared to its average volume of 2,721,512. The company has a market capitalization of $66,940.00, a PE ratio of 11,514.00, a P/E/G ratio of 5.11 and a beta of 0.98. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $115.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly 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. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) earnings per share. equities analysts predict that EOG Resources Inc will post 0.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.58%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

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About EOG Resources

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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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