Bp Plc lessened its position in EOG Resources Inc (NYSE:EOG) by 61.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the energy exploration company’s stock after selling 95,000 shares during the quarter. Bp Plc’s holdings in EOG Resources were worth $5,233,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of EOG. PFG Advisors acquired a new position in EOG Resources during the 4th quarter worth $1,274,000. Shaker Investments LLC OH grew its stake in EOG Resources by 47.4% during the 3rd quarter. Shaker Investments LLC OH now owns 9,200 shares of the energy exploration company’s stock worth $1,174,000 after purchasing an additional 2,960 shares in the last quarter. Resources Management Corp CT ADV acquired a new position in EOG Resources during the 3rd quarter worth $158,000. Culbertson A N & Co. Inc. grew its stake in EOG Resources by 3.2% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 39,629 shares of the energy exploration company’s stock worth $5,055,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in EOG Resources by 0.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 520,060 shares of the energy exploration company’s stock worth $66,264,000 after purchasing an additional 4,699 shares in the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.
Several research firms recently commented on EOG. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. ValuEngine cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Wells Fargo & Co assumed coverage on EOG Resources in a research note on Wednesday, October 24th. They set a “market perform” rating and a $154.00 target price for the company. Morgan Stanley upped their price objective on EOG Resources from $132.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $133.00 price objective on shares of EOG Resources in a research report on Monday, December 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $131.04.
Shares of NYSE EOG opened at $96.75 on Thursday. The stock has a market capitalization of $54.63 billion, a P/E ratio of 86.38, a PEG ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. EOG Resources Inc has a 52-week low of $82.04 and a 52-week high of $133.53.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Thursday, January 17th were given a $0.22 dividend. The ex-dividend date was Wednesday, January 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. EOG Resources’s dividend payout ratio (DPR) is presently 78.57%.
In related news, Director Frank G. Wisner sold 3,150 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the sale, the director now directly owns 116,586 shares of the company’s stock, valued at approximately $10,795,863.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.
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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