MAI Capital Management grew its stake in shares of EOG Resources Inc (NYSE:EOG) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,223 shares of the energy exploration company’s stock after buying an additional 895 shares during the period. MAI Capital Management’s holdings in EOG Resources were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in EOG. Transamerica Financial Advisors Inc. bought a new stake in EOG Resources in the second quarter worth $158,000. Kaizen Advisory LLC increased its position in EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after purchasing an additional 744 shares during the last quarter. ELM Advisors LLC bought a new stake in EOG Resources in the third quarter worth $162,000. Private Capital Group LLC increased its position in EOG Resources by 152.7% in the first quarter. Private Capital Group LLC now owns 1,668 shares of the energy exploration company’s stock worth $176,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Alpha Windward LLC bought a new stake in EOG Resources in the second quarter worth $193,000. Hedge funds and other institutional investors own 86.16% of the company’s stock.
Several equities research analysts recently weighed in on EOG shares. Piper Jaffray Companies restated a “buy” rating and issued a $145.00 price target on shares of EOG Resources in a research report on Thursday, August 30th. Morgan Stanley reduced their price target on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. TD Securities boosted their price target on shares of EOG Resources from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Barclays started coverage on shares of EOG Resources in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $144.00 price target on the stock. Finally, Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.48.
In other 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 transaction of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The disclosure for this sale can be found here. Insiders have sold 61,346 shares of company stock valued at $7,508,977 over the last ninety days. 0.51% of the stock is owned by insiders.
NYSE EOG opened at $122.18 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. The firm has a market cap of $73.89 billion, a price-to-earnings ratio of 108.13, a PEG ratio of 1.87 and a beta of 1.00. EOG Resources Inc has a 52 week low of $95.36 and a 52 week high of $133.53.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.95 billion. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. EOG Resources’s quarterly revenue was up 62.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. Analysts predict that EOG Resources Inc will post 5.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.72%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, October 16th. EOG Resources’s payout ratio is presently 66.07%.
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.
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