Chesley Taft & Associates LLC lifted its stake in shares of EOG Resources Inc (NYSE:EOG) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,846 shares of the energy exploration company’s stock after purchasing an additional 1,340 shares during the quarter. Chesley Taft & Associates LLC’s holdings in EOG Resources were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Transamerica Financial Advisors Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $158,000. ELM Advisors LLC bought a new stake in shares of EOG Resources during the 3rd quarter valued at approximately $162,000. Kaizen Advisory LLC grew its holdings in shares of EOG Resources by 133.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 744 shares during the last quarter. Alpha Windward LLC bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $193,000. Finally, Sun Life Financial INC grew its holdings in shares of EOG Resources by 464.4% during the 2nd quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock valued at $195,000 after purchasing an additional 1,291 shares during the last quarter. 86.16% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $140.00 price target on shares of EOG Resources in a report on Thursday. Cowen set a $125.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 target price on the stock in a research report on Monday, July 9th. TD Securities began coverage on shares of EOG Resources in a research report on Thursday, July 5th. They set a “buy” rating and a $155.00 target price on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $143.00 target price on shares of EOG Resources in a research report on Friday, July 20th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $137.48.
In other news, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the transaction, the executive vice president now owns 74,807 shares in the company, valued at approximately $9,533,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Thomas sold 57,065 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the transaction, the chief executive officer now owns 755,519 shares in the company, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. Insiders sold a total of 61,346 shares of company stock worth $7,508,977 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.
Shares of NYSE EOG traded up $0.84 during midday trading on Friday, reaching $122.46. The stock had a trading volume of 262,462 shares, compared to its average volume of 3,230,646. The company has a market capitalization of $73.89 billion, a P/E ratio of 108.13, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. EOG Resources Inc has a twelve month low of $95.36 and a twelve month high of $133.53. 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 issued its quarterly 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. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.95 billion. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. Analysts forecast that EOG Resources Inc will post 5.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is 66.07%.
About EOG Resources
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.
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