Two Sigma Advisers LP increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 452.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 766,761 shares of the energy exploration company’s stock after acquiring an additional 627,904 shares during the quarter. Two Sigma Advisers LP owned approximately 0.13% of EOG Resources worth $82,741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. RiverPark Advisors LLC raised its stake in EOG Resources by 96.8% during 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 during the period. Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $540,000. Ellington Management Group LLC increased its stake in shares of 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 valued at $799,000 after purchasing an additional 4,100 shares during the period. Teachers Insurance & Annuity Association of America acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $624,000. Finally, HPM Partners LLC increased its stake in shares of EOG Resources by 2.2% in the fourth quarter. HPM Partners LLC now owns 30,588 shares of the energy exploration company’s stock valued at $3,301,000 after purchasing an additional 665 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.
In related news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares in the company, valued at $112,962,118.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold 69,934 shares of company stock valued at $7,820,085 over the last 90 days. 0.53% of the stock is currently owned by insiders.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.30. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. equities research analysts predict that EOG Resources Inc will post 4.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.74%. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s dividend payout ratio (DPR) is presently 15.02%.
EOG has been the topic of several analyst reports. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, November 17th. Barclays raised their price target on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Piper Jaffray Companies restated a “buy” rating and issued a $106.00 price target on shares of EOG Resources in a research note on Wednesday, November 22nd. Credit Suisse Group initiated coverage on shares of EOG Resources in a research note on Monday, December 11th. They issued a “neutral” rating and a $106.00 price target on the stock. Finally, Jefferies Group set a $101.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $118.88.
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EOG Resources 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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