Westwood Holdings Group Inc. increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,157,627 shares of the energy exploration company’s stock after buying an additional 72,683 shares during the quarter. EOG Resources accounts for approximately 0.9% of Westwood Holdings Group Inc.’s holdings, making the stock its 28th biggest position. Westwood Holdings Group Inc. owned approximately 0.20% of EOG Resources worth $124,919,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of EOG. Clearbridge Investments LLC increased its stake in EOG Resources by 106.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after acquiring an additional 568 shares during the period. Chicago Partners Investment Group LLC increased its stake in EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after acquiring an additional 712 shares during the period. SeaCrest Wealth Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $123,000. Cerebellum GP LLC bought a new position in EOG Resources during the fourth quarter valued at about $125,000. Finally, Quantbot Technologies LP bought a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $153,000. Institutional investors and hedge funds own 85.67% of the company’s stock.
In other news, EVP Michael P. Donaldson sold 15,322 shares of the company’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 transaction, the executive vice president now owns 59,917 shares in the company, valued at $6,846,116.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was 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 $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 midday trading on Friday, reaching $101.93. The company’s stock had a trading volume of 6,473,868 shares, compared to its average volume of 4,112,675. The company 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 current ratio of 1.20, a quick ratio of 1.03 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.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.03 billion. equities research analysts forecast that EOG Resources Inc will post 4.28 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 dividend of $0.185 per share. The ex-dividend date is Friday, April 13th. This represents a $0.74 annualized dividend and a dividend yield of 0.73%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is currently 59.82%.
EOG has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. Argus increased their price target on EOG Resources to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. UBS assumed coverage on EOG Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target on the stock. Piper Jaffray reaffirmed a “buy” rating and set a $118.00 price objective on shares of EOG Resources in a report on Tuesday, January 9th. Finally, Stifel Nicolaus set a $149.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $119.67.
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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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