RiverPark Advisors LLC lifted its holdings in EOG Resources Inc (NYSE:EOG) by 96.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,696 shares of the energy exploration company’s stock after purchasing an additional 15,096 shares during the quarter. RiverPark Advisors LLC’s holdings in EOG Resources were worth $3,312,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC raised its stake in EOG Resources by 106.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after acquiring an additional 568 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after acquiring an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in EOG Resources in the 4th quarter worth $123,000. Cerebellum GP LLC purchased a new position in EOG Resources in the 4th quarter worth $125,000. Finally, Quantbot Technologies LP purchased a new position in EOG Resources in the 3rd quarter worth $153,000. 85.69% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Monday, January 15th. Robert W. Baird reduced their target price on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Imperial Capital set a $145.00 target price on EOG Resources and gave the stock an “outperform” rating in a research note on Thursday, March 1st. Barclays lifted their price objective on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, Morgan Stanley reduced their price objective on EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $118.88.
Shares of EOG Resources Inc (NYSE EOG) opened at $102.80 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $119.00. The stock has a market capitalization of $59,483.82, a PE ratio of 92.61, a P/E/G ratio of 3.27 and a beta of 1.09.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $3.03 billion. equities research analysts anticipate that EOG Resources Inc will post 4.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.72%. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. EOG Resources’s payout ratio is presently 15.02%.
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EOG Resources Company 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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