Cedar Hill Associates LLC lessened its stake in shares of EOG Resources Inc (NYSE:EOG) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,354 shares of the energy exploration company’s stock after selling 9,595 shares during the quarter. EOG Resources comprises 2.2% of Cedar Hill Associates LLC’s investment portfolio, making the stock its 14th biggest holding. Cedar Hill Associates LLC’s holdings in EOG Resources were worth $12,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB boosted its position in shares of EOG Resources by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 56,652 shares of the energy exploration company’s stock worth $6,113,000 after purchasing an additional 6,991 shares in the last quarter. CNB Bank bought a new position in shares of EOG Resources during the 4th quarter worth about $313,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of EOG Resources by 8.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 326,939 shares of the energy exploration company’s stock worth $35,280,000 after purchasing an additional 25,398 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of EOG Resources during the 4th quarter worth about $2,830,000. Finally, William Blair Investment Management LLC boosted its position in shares of EOG Resources by 24.5% during the 4th quarter. William Blair Investment Management LLC now owns 535,465 shares of the energy exploration company’s stock worth $57,782,000 after purchasing an additional 105,426 shares in the last quarter. 85.64% of the stock is currently owned by institutional investors.
Shares of EOG Resources stock opened at $104.78 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market cap of $58,633.23, a PE ratio of 91.29, a price-to-earnings-growth ratio of 3.13 and a beta of 1.09. EOG Resources Inc has a one year low of $81.99 and a one year high of $119.00.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.30. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.03 billion. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. equities research analysts forecast that EOG Resources Inc will post 4.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 annualized dividend and a dividend yield of 0.71%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio (DPR) is presently 15.02%.
In other news, President Gary L. Thomas sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the sale, the president now owns 1,006,461 shares in the company, valued at approximately $113,669,705.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,322 shares of company stock valued at $6,700,092. 0.53% of the stock is currently owned by company insiders.
EOG has been the topic of a number of research analyst reports. TheStreet raised shares of EOG Resources from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, January 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $118.00 price target on shares of EOG Resources in a research report on Tuesday, January 9th. Argus raised their price target on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Robert W. Baird set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $119.04.
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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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