Flagship Harbor Advisors LLC increased its position in shares of EOG Resources Inc (NYSE:EOG) by 23.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,095 shares of the energy exploration company’s stock after buying an additional 400 shares during the period. Flagship Harbor Advisors LLC’s holdings in EOG Resources were worth $199,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Norges Bank bought a new position in EOG Resources during the fourth quarter worth $504,826,000. Oregon Public Employees Retirement Fund raised its stake in EOG Resources by 8,562.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock worth $63,000 after buying an additional 5,434,773 shares during the last quarter. Eaton Vance Management raised its stake in EOG Resources by 27.4% during the fourth quarter. Eaton Vance Management now owns 3,972,235 shares of the energy exploration company’s stock worth $346,418,000 after buying an additional 855,469 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in EOG Resources by 51.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock worth $189,119,000 after buying an additional 732,531 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in EOG Resources by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock worth $591,653,000 after buying an additional 486,443 shares during the last quarter. 87.89% of the stock is owned by institutional investors and hedge funds.
EOG has been the subject of a number of analyst reports. Raymond James set a $124.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Goldman Sachs Group downgraded shares of EOG Resources to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley set a $106.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Finally, Oppenheimer initiated coverage on shares of EOG Resources in a research note on Wednesday, March 27th. They set an “outperform” rating and a $108.00 target price for the company. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus price target of $123.00.
In other news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at $10,478,138.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.
NYSE:EOG opened at $103.87 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $59.13 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.41 and a beta of 1.26. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The company’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, research analysts anticipate that EOG Resources Inc will post 4.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 15.88%.
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EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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