Livforsakringsbolaget Skandia Omsesidigt Cuts Holdings in EOG Resources Inc (EOG)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of EOG Resources Inc (NYSE:EOG) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,730 shares of the energy exploration company’s stock after selling 2,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in EOG Resources were worth $942,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Capital Research Global Investors boosted its position in EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Capital World Investors boosted its position in EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares during the period. Ameriprise Financial Inc. boosted its position in EOG Resources by 21.1% during the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after purchasing an additional 1,118,898 shares during the period. Carmignac Gestion lifted its holdings in shares of EOG Resources by 6.1% in the third quarter. Carmignac Gestion now owns 4,573,922 shares of the energy exploration company’s stock worth $442,481,000 after buying an additional 262,164 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of EOG Resources by 43.1% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after buying an additional 1,206,576 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.

EOG Resources Inc (NYSE:EOG) opened at $114.37 on Friday. The company has a market cap of $66,130.91, a P/E ratio of 278.95, a price-to-earnings-growth ratio of 4.62 and a beta of 0.98. EOG Resources Inc has a one year low of $81.99 and a one year high of $116.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. sell-side analysts predict that EOG Resources Inc will post 0.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

In other news, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at $8,576,259.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold 139,048 shares of company stock worth $8,173,973 over the last three months. Insiders own 0.53% of the company’s stock.

A number of brokerages have recently issued reports on EOG. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Cowen set a $115.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Thursday. Imperial Capital reissued an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of EOG Resources in a report on Monday, January 8th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.52.

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EOG Resources Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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