Raymond James & Associates boosted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,732 shares of the energy exploration company’s stock after acquiring an additional 5,655 shares during the period. Raymond James & Associates’ holdings in EOG Resources were worth $20,798,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in EOG Resources by 21.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after acquiring an additional 1,118,898 shares in the last quarter. Geode Capital Management LLC grew its stake in EOG Resources by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock valued at $607,661,000 after acquiring an additional 161,514 shares in the last quarter. Carmignac Gestion grew its stake in EOG Resources by 6.1% during the 3rd quarter. Carmignac Gestion now owns 4,573,922 shares of the energy exploration company’s stock valued at $442,481,000 after acquiring an additional 262,164 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in EOG Resources by 0.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock valued at $435,304,000 after acquiring an additional 27,075 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of EOG Resources by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock valued at $315,223,000 after buying an additional 422,672 shares during the period. 85.64% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the stock. Piper Jaffray Companies set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, March 14th. Jefferies Group set a $111.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Thursday, March 8th. UBS assumed coverage on shares of EOG Resources in a research note on Wednesday, March 7th. They issued a “buy” rating and a $125.00 price target for the company. Sanford C. Bernstein dropped their price target on shares of EOG Resources from $143.00 to $137.00 and set an “outperform” rating for the company in a research note on Friday, March 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $112.00 price target on shares of EOG Resources in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus target price of $119.04.
In other EOG Resources news, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction that occurred on 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 directly owns 75,118 shares in the company, valued at approximately $7,962,508. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the 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 sale, the chief financial officer now owns 185,157 shares in the company, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,934 shares of company stock worth $7,820,085. Company insiders own 0.53% of the company’s stock.
EOG Resources stock opened at $100.45 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a market cap of $58,124.03, a P/E ratio of 22.52, a PEG ratio of 3.10 and a beta of 1.09.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.03 billion. research analysts anticipate that EOG Resources Inc will post 4.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.185 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s dividend payout ratio is currently 15.02%.
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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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