Montrusco Bolton Investments Inc. increased its position in EOG Resources Inc (NYSE:EOG) by 37.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,291 shares of the energy exploration company’s stock after purchasing an additional 38,037 shares during the quarter. EOG Resources makes up about 0.8% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 28th largest holding. Montrusco Bolton Investments Inc.’s holdings in EOG Resources were worth $14,883,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of EOG Resources by 14.7% in the 2nd 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares during the last quarter. Capital World Investors boosted its stake in shares of EOG Resources by 9.9% in the 2nd 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 during the last quarter. Northern Trust Corp lifted its position in EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after purchasing an additional 638,183 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted 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 valued at $620,361,000 after purchasing an additional 1,118,898 shares in the last quarter. 85.38% of the stock is owned by institutional investors.
Several research firms recently weighed in on EOG. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Monday, January 15th. Robert W. Baird lowered their price objective on EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Monday, December 18th. Barclays boosted their price objective on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Morgan Stanley lowered their price objective on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, BMO Capital Markets set a $105.00 target price on 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, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $116.72.
In other news, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares in the company, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 73,048 shares of company stock worth $8,152,193 over the last ninety days. 0.53% of the stock is owned by insiders.
EOG Resources Inc (EOG) opened at $112.83 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $119.00. The stock has a market capitalization of $65,240.45, a price-to-earnings ratio of 11,283.00, a P/E/G ratio of 3.83 and a beta of 1.01.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating 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 return on equity of 1.73% and a net margin of 0.10%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.40) EPS. research analysts predict that EOG Resources Inc will post 0.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
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About EOG Resources
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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