Janney Montgomery Scott LLC reduced its position in shares of EOG Resources Inc (NYSE:EOG) by 67.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,589 shares of the energy exploration company’s stock after selling 43,755 shares during the period. Janney Montgomery Scott LLC’s holdings in EOG Resources were worth $1,602,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in EOG. Knuff & Co LLC bought a new position in shares of EOG Resources in the second quarter worth about $28,000. Quest Capital Management Inc. ADV bought a new position in shares of EOG Resources in the third quarter worth about $28,000. Truvestments Capital LLC bought a new position in shares of EOG Resources in the second quarter worth about $33,000. Tortoise Investment Management LLC bought a new position in shares of EOG Resources in the second quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of EOG Resources in the second quarter worth about $37,000. 86.33% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. SunTrust Banks downgraded shares of EOG Resources from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Monday, October 21st. Raymond James dropped their target price on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. KeyCorp dropped their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Co boosted their target price on shares of EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. EOG Resources currently has a consensus rating of “Buy” and an average target price of $108.00.
EOG Resources stock opened at $74.74 on Friday. The stock has a market capitalization of $42.97 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. EOG Resources Inc has a twelve month low of $64.33 and a twelve month high of $108.95. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $71.96 and a 200-day moving average of $82.49.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.13. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. Equities analysts anticipate that EOG Resources Inc will post 4.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.
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 People's Republic of China, and Canada.
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