Metropolitan Life Insurance Co. NY decreased its position in shares of EOG Resources Inc (NYSE:EOG) by 66.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,458 shares of the energy exploration company’s stock after selling 184,260 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in EOG Resources were worth $9,869,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Amundi Pioneer Asset Management Inc. boosted its stake in EOG Resources by 43.1% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after purchasing an additional 1,206,576 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $620,361,000 after buying an additional 1,118,898 shares during the last quarter. Northside Capital Management LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $82,404,000. Westfield Capital Management Co. LP bought a new position in EOG Resources in the 3rd quarter valued at about $64,975,000. Finally, Two Sigma Advisers LP raised its holdings in EOG Resources by 452.2% in the 4th quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock valued at $82,741,000 after acquiring an additional 627,904 shares during the period. Institutional investors own 85.67% of the company’s stock.
In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $6,846,116.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary L. Thomas sold 40,000 shares of the stock in a transaction on 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 sale, the president now directly 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 corporate insiders.
Shares of NYSE:EOG traded down $2.45 during trading on Friday, reaching $101.93. The company had a trading volume of 6,473,868 shares, compared to its average volume of 4,112,675. The firm has a market capitalization of $58,980.37, a price-to-earnings ratio of 91.01, a PEG ratio of 3.11 and a beta of 1.05. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, topping the Zacks’ 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. equities research analysts expect that EOG Resources Inc will post 4.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a $0.185 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.73%. EOG Resources’s dividend payout ratio is 59.82%.
Several research analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Credit Suisse Group set a $126.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Monday, January 15th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $119.67.
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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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