Bramshill Investments LLC lifted its stake in shares of EOG Resources Inc (NYSE:EOG) by 56.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,947 shares of the energy exploration company’s stock after buying an additional 1,787 shares during the period. Bramshill Investments LLC’s holdings in EOG Resources were worth $534,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dowling & Yahnke LLC increased its holdings in EOG Resources by 2.0% in the fourth quarter. Dowling & Yahnke LLC now owns 24,481 shares of the energy exploration company’s stock valued at $2,642,000 after purchasing an additional 485 shares during the period. Cue Financial Group Inc. boosted its position in EOG Resources by 3.7% during the fourth quarter. Cue Financial Group Inc. now owns 13,590 shares of the energy exploration company’s stock valued at $1,466,000 after acquiring an additional 490 shares during the last quarter. SevenBridge Financial Group LLC boosted its position in EOG Resources by 21.9% during the third quarter. SevenBridge Financial Group LLC now owns 2,751 shares of the energy exploration company’s stock valued at $266,000 after acquiring an additional 495 shares during the last quarter. Whalerock Point Partners LLC boosted its position in EOG Resources by 5.2% during the fourth quarter. Whalerock Point Partners LLC now owns 10,248 shares of the energy exploration company’s stock valued at $1,106,000 after acquiring an additional 502 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in EOG Resources by 1.2% during the third quarter. Synovus Financial Corp now owns 41,519 shares of the energy exploration company’s stock valued at $4,023,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.
NYSE EOG traded down $2.45 during trading hours on Friday, hitting $101.93. The company’s stock had a trading volume of 6,473,868 shares, compared to its average volume of 4,112,675. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00. The stock has a market cap of $60,398.07, a price-to-earnings ratio of 91.01, a PEG ratio of 3.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.03 billion. sell-side analysts predict that EOG Resources Inc will post 4.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a $0.185 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. This represents a $0.74 annualized dividend and a yield of 0.73%. EOG Resources’s dividend payout ratio (DPR) is presently 59.82%.
A number of brokerages have commented on EOG. ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut 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 set a $120.00 price target on shares of EOG Resources in a research report on Thursday, January 11th. Stifel Nicolaus set a $149.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, March 28th. Finally, Jefferies Group set a $111.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus target price of $119.67.
In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value 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 document filed with the SEC, which is available at this link. Also, President Gary L. Thomas sold 40,000 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the sale, the president now owns 1,006,461 shares of the company’s stock, valued at approximately $113,669,705.34. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.
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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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