State Street Corp grew its position in shares of EOG Resources Inc (NYSE:EOG) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,201,688 shares of the energy exploration company’s stock after acquiring an additional 1,006,145 shares during the quarter. State Street Corp owned about 4.85% of EOG Resources worth $2,362,173,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in EOG. Quest Capital Management Inc. ADV acquired a new position in shares of EOG Resources during the third quarter valued at $28,000. Coastal Investment Advisors Inc. boosted its holdings in shares of EOG Resources by 147.1% during the third quarter. Coastal Investment Advisors Inc. now owns 504 shares of the energy exploration company’s stock valued at $37,000 after acquiring an additional 300 shares during the period. Pacifica Partners Inc. acquired a new position in shares of EOG Resources during the fourth quarter valued at $49,000. Whitnell & Co. acquired a new position in shares of EOG Resources during the third quarter valued at $50,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in shares of EOG Resources by 2,674.1% during the third quarter. Massey Quick Simon & CO. LLC now owns 749 shares of the energy exploration company’s stock valued at $56,000 after acquiring an additional 722 shares during the period. 85.70% of the stock is owned by institutional investors.
EOG has been the subject of several research analyst reports. Bank of America raised shares of EOG Resources from a “neutral” rating to a “buy” rating in a report on Monday, January 6th. Robert W. Baird upped their price objective on shares of EOG Resources from $89.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Howard Weil initiated coverage on shares of EOG Resources in a report on Wednesday, November 13th. They issued a “sector perform” rating for the company. Barclays reduced their price objective on shares of EOG Resources from $132.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $97.00 price objective on shares of EOG Resources in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $103.89.
In other news, Director Charles R. Crisp sold 420 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $86.49, for a total value of $36,325.80. Following the transaction, the director now owns 50,296 shares in the company, valued at approximately $4,350,101.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
Shares of EOG traded down $1.09 during trading hours on Friday, reaching $74.59. The company’s stock had a trading volume of 121,608 shares, compared to its average volume of 3,796,444. The firm has a market cap of $43.85 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.34 and a beta of 1.45. EOG Resources Inc has a 1-year low of $64.33 and a 1-year high of $107.89. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $81.23 and a two-hundred day moving average of $76.55.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.54%. EOG Resources’s dividend payout ratio is 20.76%.
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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