Riverpark Capital Management LLC lessened its holdings in EOG Resources Inc (NYSE:EOG) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,386 shares of the energy exploration company’s stock after selling 25,809 shares during the quarter. EOG Resources accounts for approximately 2.3% of Riverpark Capital Management LLC’s holdings, making the stock its 25th largest holding. Riverpark Capital Management LLC’s holdings in EOG Resources were worth $15,904,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Two Sigma Advisers LP boosted its holdings in EOG Resources by 452.2% in the fourth quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock worth $82,741,000 after acquiring an additional 627,904 shares in the last quarter. RiverPark Advisors LLC boosted its holdings in EOG Resources by 96.8% in the fourth quarter. RiverPark Advisors LLC now owns 30,696 shares of the energy exploration company’s stock worth $3,312,000 after acquiring an additional 15,096 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in EOG Resources in the fourth quarter worth about $540,000. Ellington Management Group LLC boosted its holdings in EOG Resources by 124.2% in the fourth quarter. Ellington Management Group LLC now owns 7,400 shares of the energy exploration company’s stock worth $799,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in EOG Resources in the fourth quarter worth about $624,000. 85.69% of the stock is owned by institutional investors and hedge funds.
EOG has been the subject of a number of research reports. Argus lifted their target price on EOG Resources to $133.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a report on Wednesday, January 3rd. Jefferies Group set a $101.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Robert W. Baird set a $122.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $118.88.
Shares of EOG Resources Inc (NYSE:EOG) opened at $102.80 on Monday. The company has a market capitalization of $59,483.82, a P/E ratio of 92.61, a PEG ratio of 3.27 and a beta of 1.09. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $119.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03.
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 Zacks’ consensus estimate of $0.39 by $0.30. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. sell-side analysts anticipate that EOG Resources Inc will post 4.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a $0.185 dividend. The ex-dividend date of this dividend is Friday, April 13th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s payout ratio is 15.02%.
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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