Private Capital Advisors Inc. boosted its position in EOG Resources Inc (NYSE:EOG) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,618 shares of the energy exploration company’s stock after purchasing an additional 4,700 shares during the quarter. Private Capital Advisors Inc.’s holdings in EOG Resources were worth $3,446,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. FMR LLC raised its position in shares of EOG Resources by 17.5% during the 2nd quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after buying an additional 3,822,930 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of EOG Resources during the 2nd quarter worth about $104,146,000. Fenimore Asset Management Inc. bought a new stake in shares of EOG Resources during the 2nd quarter worth about $86,564,000. Northside Capital Management LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth about $79,851,000. Finally, Findlay Park Partners LLP raised its position in shares of EOG Resources by 45.1% during the 2nd quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after buying an additional 597,717 shares in the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.
A number of analysts have commented on EOG shares. Stifel Nicolaus set a $147.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, August 3rd. Mizuho started coverage on shares of EOG Resources in a research report on Monday, July 23rd. They set a “buy” rating and a $173.00 price target on the stock. Piper Jaffray Companies restated a “buy” rating and set a $143.00 price target on shares of EOG Resources in a research report on Friday, July 20th. TD Securities started coverage on shares of EOG Resources in a research report on Thursday, July 5th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Societe Generale upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $137.48.
Shares of EOG opened at $122.18 on Friday. The company has a market capitalization of $73.89 billion, a PE ratio of 109.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. 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 Inc has a 12-month low of $95.36 and a 12-month high of $133.53.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.95 billion. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The business’s revenue was up 62.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, research analysts forecast that EOG Resources Inc will post 5.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is currently 66.07%.
In other news, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $122.36, for a total value of $6,982,473.40. Following the transaction, the chief executive officer now directly owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of EOG Resources stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the transaction, the director now directly owns 49,741 shares in the company, valued at $5,809,748.80. 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 ninety days. Corporate insiders own 0.51% of the company’s stock.
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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