Pettyjohn Wood & White Inc. decreased its position in EOG Resources Inc (NYSE:EOG) by 29.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,553 shares of the energy exploration company’s stock after selling 2,275 shares during the period. Pettyjohn Wood & White Inc.’s holdings in EOG Resources were worth $412,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in EOG Resources by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 45,641,750 shares of the energy exploration company’s stock worth $4,251,986,000 after purchasing an additional 473,441 shares in the last quarter. BlackRock Inc. lifted its stake in EOG Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after acquiring an additional 1,201,811 shares during the period. Bank of New York Mellon Corp lifted its stake in EOG Resources by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,661,614 shares of the energy exploration company’s stock valued at $1,365,875,000 after acquiring an additional 98,651 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in EOG Resources by 100.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after acquiring an additional 6,128,570 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in EOG Resources by 32,106.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after acquiring an additional 8,194,083 shares during the period. Institutional investors own 86.33% of the company’s stock.
EOG Resources stock traded down $0.04 during midday trading on Friday, hitting $74.70. The stock had a trading volume of 3,119,389 shares, compared to its average volume of 3,954,737. The firm’s fifty day moving average is $71.96 and its two-hundred day moving average is $82.49. The company has a market capitalization of $42.97 billion, a PE ratio of 13.48, a P/E/G ratio of 1.74 and a beta of 1.34. EOG Resources Inc has a 52-week low of $64.33 and a 52-week high of $108.78. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.
EOG Resources (NYSE:EOG) last released its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.13. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. As a group, equities research analysts predict that EOG Resources Inc will post 4.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.54%. EOG Resources’s payout ratio is 20.76%.
Several equities analysts have issued reports on EOG shares. Wells Fargo & Co upped their target price on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Guggenheim set a $108.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, August 21st. Piper Jaffray Companies set a $111.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, August 16th. Oppenheimer lowered their target price on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Finally, Raymond James reduced their price target on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $108.50.
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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