B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its holdings in EOG Resources Inc (NYSE:EOG) by 47.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,485 shares of the energy exploration company’s stock after selling 8,621 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in EOG Resources were worth $1,180,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bridges Investment Management Inc. lifted its stake in shares of EOG Resources by 9.9% in the second quarter. Bridges Investment Management Inc. now owns 60,276 shares of the energy exploration company’s stock worth $7,500,000 after buying an additional 5,439 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of EOG Resources by 136.8% in the second quarter. Forsta AP Fonden now owns 245,094 shares of the energy exploration company’s stock worth $30,497,000 after buying an additional 141,600 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of EOG Resources in the second quarter worth $7,835,000. Centaurus Financial Inc. acquired a new stake in shares of EOG Resources in the second quarter worth $233,000. Finally, SCP Investment LP acquired a new stake in shares of EOG Resources in the second quarter worth $3,111,000. Hedge funds and other institutional investors own 86.16% of the company’s stock.
A number of analysts have recently weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Thursday, August 30th. Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $144.00 price objective for the company. Morgan Stanley reduced their price objective on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating for the company in a research note on Thursday, August 16th. ValuEngine cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, TD Securities boosted their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus price target of $135.33.
Shares of EOG stock opened at $116.62 on Friday. EOG Resources Inc has a 1 year low of $91.17 and a 1 year high of $131.60. The firm has a market cap of $67.31 billion, a P/E ratio of 104.13, a P/E/G ratio of 1.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. EOG Resources’s revenue was up 62.2% compared to the same quarter last year. analysts predict that EOG Resources Inc will post 5.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is 66.07%.
In other EOG Resources news, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the sale, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary L. Thomas sold 55,886 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $118.27, for a total transaction of $6,609,637.22. Following the completion of the sale, the president now directly owns 1,131,797 shares in the company, valued at approximately $133,857,631.19. The disclosure for this sale can be found here. Insiders sold a total of 116,607 shares of company stock worth $14,030,465 in the last three months. Insiders own 0.51% of the company’s stock.
EOG Resources 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.
Read More: What does relative strength index mean?
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.