Zeke Capital Advisors LLC increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,032 shares of the energy exploration company’s stock after buying an additional 3,619 shares during the quarter. Zeke Capital Advisors LLC’s holdings in EOG Resources were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of EOG. Clearbridge Investments LLC lifted its position in shares of EOG Resources by 106.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after buying an additional 568 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of EOG Resources during the 4th quarter worth about $123,000. Cerebellum GP LLC acquired a new position in shares of EOG Resources during the 4th quarter worth about $125,000. Finally, Quantbot Technologies LP acquired a new position in shares of EOG Resources during the 3rd quarter worth about $153,000. Institutional investors and hedge funds own 85.67% of the company’s stock.
EOG stock traded down $2.45 during mid-day trading on Friday, hitting $101.93. 6,473,868 shares of the company were exchanged, compared to its average volume of 4,112,675. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $60,398.07, a PE ratio of 91.01, a price-to-earnings-growth ratio of 3.19 and a beta of 1.05. EOG Resources Inc has a 1-year low of $81.99 and a 1-year high of $119.00.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.03 billion. research analysts expect 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. Stockholders of record on Monday, April 16th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s payout ratio is presently 59.82%.
Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on 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 price objective on EOG Resources and gave the company a “hold” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Monday, January 15th. Finally, BMO Capital Markets restated a “buy” rating and set a $120.00 price target on shares of EOG Resources in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $119.67.
In other news, President Gary L. Thomas sold 40,000 shares of the business’s 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 directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the sale, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
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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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