Toronto Dominion Bank grew its position in shares of EOG Resources Inc (NYSE:EOG) by 25.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,587 shares of the energy exploration company’s stock after purchasing an additional 62,868 shares during the period. Toronto Dominion Bank owned approximately 0.05% of EOG Resources worth $33,109,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Swedbank purchased a new stake in shares of EOG Resources during the first quarter valued at approximately $127,489,000. Northside Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $82,404,000. Element Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $81,570,000. Two Sigma Advisers LP grew its position in shares of EOG Resources by 452.2% during the fourth quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock worth $82,741,000 after buying an additional 627,904 shares in the last quarter. Finally, Key Square Capital Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $66,329,000. Institutional investors own 85.28% of the company’s stock.
In other news, SVP Ann D. Janssen sold 4,816 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $117.97, for a total transaction of $568,143.52. Following the completion of the transaction, the senior vice president now owns 56,476 shares of the company’s stock, valued at $6,662,473.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Ann D. Janssen sold 1,258 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $126.35, for a total transaction of $158,948.30. Following the transaction, the chief accounting officer now directly owns 53,828 shares of the company’s stock, valued at approximately $6,801,167.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,453 shares of company stock valued at $8,423,028. 0.51% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on the stock. Tudor Pickering downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Stifel Nicolaus set a $146.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Monday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of EOG Resources from $106.00 to $113.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 1st. Bank of America raised shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Thursday, May 10th. Finally, Argus reissued a “buy” rating and set a $133.00 price target on shares of EOG Resources in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $122.57.
EOG Resources stock opened at $119.98 on Friday. The firm has a market capitalization of $71.19 billion, a price-to-earnings ratio of 107.13, a price-to-earnings-growth ratio of 3.32 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.06. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $128.03.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.39. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The firm’s revenue was up 41.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. analysts anticipate that EOG Resources Inc will post 4.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, July 16th. EOG Resources’s dividend payout ratio is presently 66.07%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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