Hoylecohen LLC bought a new stake in shares of EOG Resources Inc (NYSE:EOG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,379 shares of the energy exploration company’s stock, valued at approximately $365,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its holdings in shares of EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of EOG Resources by 106.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $123,000. Cerebellum GP LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $125,000. Finally, Quantbot Technologies LP acquired a new stake in shares of EOG Resources during the third quarter worth approximately $153,000. 85.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc (EOG) traded up $1.99 during mid-day trading on Friday, hitting $106.28. The stock had a trading volume of 1,964,117 shares, compared to its average volume of 3,402,528. EOG Resources Inc has a one year low of $81.99 and a one year high of $119.00. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market cap of $60,629.52, a PE ratio of 23.89, a PEG ratio of 3.24 and a beta of 1.09.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.30. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.03 billion. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. analysts anticipate that EOG Resources Inc will post 4.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, April 13th. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is presently 15.02%.
A number of analysts have issued reports on EOG shares. Argus lifted their target price on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Citigroup raised shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, January 3rd. Jefferies Group set a $101.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Wednesday, December 20th. 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 given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $119.04.
In related news, President Gary L. Thomas sold 40,000 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the sale, the president now owns 1,006,461 shares in the company, valued at approximately $113,669,705.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the sale, the president now owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. In the last three months, insiders sold 59,322 shares of company stock valued at $6,700,092. 0.53% of the stock is currently owned by insiders.
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.
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