Chevy Chase Trust Holdings Inc. lifted its holdings in EOG Resources Inc (NYSE:EOG) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 829,900 shares of the energy exploration company’s stock after acquiring an additional 14,461 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.14% of EOG Resources worth $89,554,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Capital Research Global Investors grew its stake 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 buying an additional 5,368,941 shares in the last quarter. Capital World Investors grew its stake 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 buying an additional 1,568,085 shares in the last quarter. Ameriprise Financial Inc. grew its stake 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 buying an additional 1,118,898 shares in the last quarter. Carmignac Gestion grew its stake in EOG Resources by 6.1% during 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. grew its stake in EOG Resources by 43.1% during 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. Institutional investors and hedge funds own 85.31% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Monday, January 15th. Robert W. Baird reduced their price objective on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Imperial Capital assumed coverage on shares of EOG Resources in a research note on Thursday, September 28th. They set an “outperform” rating and a $115.00 price objective on the stock. Barclays increased their price objective on shares of EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and a consensus price target of $114.52.
Shares of EOG Resources Inc (EOG) traded up $0.13 during midday trading on Monday, reaching $114.37. 2,920,500 shares of the company were exchanged, compared to its average volume of 3,034,023. The company has a market cap of $66,710.00, a price-to-earnings ratio of 11,437.00, a PEG ratio of 4.62 and a beta of 0.98. EOG Resources Inc has a 1-year low of $81.99 and a 1-year high of $116.47. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.40) EPS. analysts predict that EOG Resources Inc will post 0.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,048 shares of company stock valued at $8,173,973. 0.53% of the stock is owned by company insiders.
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EOG Resources Company 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.
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