Dana Investment Advisors Inc. raised its holdings in shares of EOG Resources Inc (NYSE:EOG) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,508 shares of the energy exploration company’s stock after buying an additional 1,295 shares during the period. Dana Investment Advisors Inc.’s holdings in EOG Resources were worth $1,527,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in shares of EOG Resources by 54.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 93,883 shares of the energy exploration company’s stock valued at $11,977,000 after purchasing an additional 32,912 shares during the period. Engineers Gate Manager LP acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $204,000. Cambridge Investment Research Advisors Inc. grew its position in shares of EOG Resources by 46.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,607 shares of the energy exploration company’s stock valued at $2,374,000 after purchasing an additional 5,941 shares during the period. Dupont Capital Management Corp acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $844,000. Finally, Commonwealth Equity Services LLC grew its position in shares of EOG Resources by 22.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,643 shares of the energy exploration company’s stock valued at $6,332,000 after purchasing an additional 9,082 shares during the period. Institutional investors and hedge funds own 86.96% of the company’s stock.
In other news, Director Frank G. Wisner sold 3,150 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the sale, the director now owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,834 shares of company stock worth $640,668. Company insiders own 0.51% of the company’s stock.
Shares of EOG Resources stock opened at $88.85 on Friday. EOG Resources Inc has a 12-month low of $82.04 and a 12-month high of $133.53. The company has a market cap of $51.54 billion, a PE ratio of 16.04, a P/E/G ratio of 1.34 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, equities analysts expect that EOG Resources Inc will post 4.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 15.88%.
Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 27th. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Barclays reaffirmed a “buy” rating and set a $138.00 price target on shares of EOG Resources in a research report on Wednesday. Wells Fargo & Co reduced their price target on EOG Resources from $116.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday. They noted that the move was a valuation call. Finally, TD Securities reduced their price target on EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $123.68.
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EOG Resources Company 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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