Bailard Inc. cut its position in EOG Resources Inc (NYSE:EOG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,414 shares of the energy exploration company’s stock after selling 721 shares during the period. Bailard Inc.’s holdings in EOG Resources were worth $5,872,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. AHL Partners LLP raised its holdings in EOG Resources by 38.5% in the second quarter. AHL Partners LLP now owns 4,858 shares of the energy exploration company’s stock worth $440,000 after purchasing an additional 1,350 shares during the period. National Asset Management Inc. raised its holdings in EOG Resources by 4.4% in the second quarter. National Asset Management Inc. now owns 2,796 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 119 shares during the period. WINTON GROUP Ltd raised its holdings in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after purchasing an additional 4,144 shares during the period. Advisory Services Network LLC raised its holdings in EOG Resources by 11.3% in the second quarter. Advisory Services Network LLC now owns 11,414 shares of the energy exploration company’s stock worth $1,033,000 after purchasing an additional 1,156 shares during the period. Finally, Cetera Investment Advisers raised its holdings in EOG Resources by 16.4% in the second quarter. Cetera Investment Advisers now owns 7,502 shares of the energy exploration company’s stock worth $681,000 after purchasing an additional 1,055 shares during the period. Institutional investors own 84.55% of the company’s stock.
Shares of EOG Resources Inc (NYSE:EOG) traded down $0.55 during mid-day trading on Wednesday, reaching $107.41. 121,811 shares of the company’s stock were exchanged, compared to its average volume of 3,026,442. The firm has a market capitalization of $62,239.51, a PE ratio of 10,796.00, a P/E/G ratio of 3.32 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. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $119.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
Several research firms have weighed in on EOG. Stifel Nicolaus set a $134.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Sunday, February 11th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $134.00 price objective for the company in a research report on Friday, February 2nd. Morgan Stanley lowered their price objective on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Credit Suisse Group set a $126.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Cowen set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.64.
In other news, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now owns 59,917 shares in the company, valued at approximately $6,846,116.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,934 shares of company stock valued at $7,820,085. Corporate insiders own 0.53% of the company’s stock.
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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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