Hoylecohen LLC acquired a new position in shares of EOG Resources Inc (NYSE:EOG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,379 shares of the energy exploration company’s stock, valued at approximately $365,000.
Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its position in EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the last quarter. Clearbridge Investments LLC boosted its position in EOG Resources by 106.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after purchasing an additional 568 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in EOG Resources during the fourth quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new position in EOG Resources during the fourth quarter valued at approximately $125,000. Finally, Quantbot Technologies LP acquired a new position in EOG Resources during the third quarter valued at approximately $153,000. 85.69% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Jefferies Group set a $111.00 price target on EOG Resources and gave the company a “hold” rating in a research report on Thursday, March 8th. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. UBS Group assumed coverage on EOG Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target for the company. Imperial Capital set a $145.00 price objective on EOG Resources and gave the company an “outperform” rating in a research note on Thursday, March 1st. Finally, BMO Capital Markets restated a “buy” rating and issued a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. EOG Resources has a consensus rating of “Buy” and an average target price of $119.04.
In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was 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 owns 59,917 shares in the company, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,934 shares of company stock worth $7,820,085. Corporate insiders own 0.53% of the company’s stock.
EOG Resources Inc (EOG) opened at $98.65 on Friday. The firm has a market capitalization of $57,799.99, a P/E ratio of 89.99, a PEG ratio of 3.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.30. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.03 billion. research analysts expect that EOG Resources Inc will post 4.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, April 13th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio (DPR) is 15.02%.
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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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