Livforsakringsbolaget Skandia Omsesidigt lessened its stake in EOG Resources Inc (NYSE:EOG) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,730 shares of the energy exploration company’s stock after selling 2,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in EOG Resources were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullinan Associates Inc. raised its holdings in EOG Resources by 7.2% during the fourth quarter. Cullinan Associates Inc. now owns 22,950 shares of the energy exploration company’s stock worth $2,477,000 after purchasing an additional 1,550 shares in the last quarter. Berkshire Asset Management LLC PA purchased a new position in EOG Resources in the fourth quarter valued at about $252,000. Schwab Charles Investment Management Inc. increased its stake in shares of EOG Resources by 7.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,100,493 shares of the energy exploration company’s stock worth $226,665,000 after purchasing an additional 143,256 shares in the last quarter. HWG Holdings LP purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $512,000. Finally, Sippican Capital Advisors increased its stake in shares of EOG Resources by 7.3% during the 4th quarter. Sippican Capital Advisors now owns 13,803 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 945 shares in the last quarter. Institutional investors own 85.44% of the company’s stock.
EOG has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a report on Thursday, January 11th. Stifel Nicolaus set a $136.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Tuesday, January 30th. Robert W. Baird reduced their target price on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.64.
Shares of EOG Resources Inc (NYSE:EOG) traded up $3.07 during mid-day trading on Monday, hitting $103.14. 3,544,725 shares of the stock were exchanged, compared to its average volume of 2,990,000. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00. The firm has a market cap of $59,640.00, a PE ratio of 10,314.00, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.
In other EOG Resources news, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The stock was 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 in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock valued at $7,820,085 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.
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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.
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