HPM Partners LLC raised its stake in EOG Resources Inc (NYSE:EOG) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,588 shares of the energy exploration company’s stock after purchasing an additional 665 shares during the quarter. HPM Partners LLC’s holdings in EOG Resources were worth $3,301,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of EOG. Chicago Partners Investment Group LLC raised its stake 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 purchasing an additional 712 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of EOG Resources by 106.6% in 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 last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $123,000. Cerebellum GP LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $125,000. Finally, Quantbot Technologies LP purchased a new stake in shares of EOG Resources in the third quarter worth approximately $153,000. 85.69% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary L. Thomas sold 40,000 shares of the firm’s 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 completion of the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The disclosure for this sale can be found here. Insiders sold 69,934 shares of company stock valued at $7,820,085 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating the 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 business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.03 billion. equities research analysts predict that EOG Resources Inc will post 4.11 EPS 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 issued a $0.185 dividend. This is a positive change 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%. The ex-dividend date is Friday, April 13th. EOG Resources’s dividend payout ratio (DPR) is presently 15.02%.
A number of analysts recently commented on EOG shares. Robert W. Baird set a $114.00 price target on EOG Resources and gave the company a “buy” rating in a research report on Friday, November 17th. Barclays increased their price target on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 price target on shares of EOG Resources in a research report on Wednesday, November 22nd. Credit Suisse Group started coverage on EOG Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $106.00 price target for the company. Finally, Jefferies Group set a $101.00 price target on EOG Resources and gave the company a “hold” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $118.88.
ILLEGAL ACTIVITY WARNING: “HPM Partners LLC Has $3.30 Million Stake in EOG Resources Inc (EOG)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/03/12/hpm-partners-llc-has-3-30-million-stake-in-eog-resources-inc-eog.html.
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.
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.