Jag Capital Management LLC Has $2.30 Million Stake in EOG Resources Inc (EOG)

Jag Capital Management LLC cut its holdings in shares of EOG Resources Inc (NYSE:EOG) by 15.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,265 shares of the energy exploration company’s stock after selling 3,829 shares during the period. Jag Capital Management LLC’s holdings in EOG Resources were worth $2,295,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Schroder Investment Management Group lifted its stake in EOG Resources by 13.2% in the 2nd quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock valued at $1,090,000 after buying an additional 1,415 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in EOG Resources by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,935 shares of the energy exploration company’s stock valued at $1,985,000 after buying an additional 640 shares in the last quarter. D.A. Davidson & CO. lifted its stake in EOG Resources by 2.5% in the 2nd quarter. D.A. Davidson & CO. now owns 8,726 shares of the energy exploration company’s stock valued at $789,000 after buying an additional 215 shares in the last quarter. Renaissance Technologies LLC lifted its stake in EOG Resources by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 817,600 shares of the energy exploration company’s stock valued at $74,009,000 after buying an additional 43,600 shares in the last quarter. Finally, Bancorpsouth Inc. lifted its stake in EOG Resources by 5.5% in the 2nd quarter. Bancorpsouth Inc. now owns 2,709 shares of the energy exploration company’s stock valued at $245,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

In related news, EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 59,917 shares in the company, valued at approximately $6,846,116.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the sale, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders sold a total of 73,048 shares of company stock valued at $8,152,193 in the last quarter. 0.53% of the stock is owned by insiders.

EOG Resources Inc (NYSE EOG) traded up $0.86 during trading on Tuesday, reaching $117.68. 1,438,280 shares of the company traded hands, compared to its average volume of 2,976,814. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $116.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market cap of $68,110.00, a P/E ratio of 11,768.00, a PEG ratio of 4.62 and a beta of 0.98.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm earned ($0.40) EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. research analysts predict that EOG Resources Inc will post 0.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.57%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

A number of brokerages recently weighed in on EOG. Credit Suisse Group set a $126.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Monday, January 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a research note on Thursday, January 11th. Cowen set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $118.00 target price on shares of EOG Resources in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $115.32.

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

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