Tudor Investment Corp ET AL bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,162 shares of the energy exploration company’s stock, valued at approximately $601,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Quadrature Capital Ltd raised its position in EOG Resources by 86.9% in the fourth quarter. Quadrature Capital Ltd now owns 180,832 shares of the energy exploration company’s stock worth $18,275,000 after buying an additional 84,076 shares in the last quarter. Ibex Wealth Advisors raised its position in EOG Resources by 6.0% in the fourth quarter. Ibex Wealth Advisors now owns 16,845 shares of the energy exploration company’s stock worth $1,777,000 after buying an additional 946 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock worth $322,067,000 after buying an additional 70,513 shares in the last quarter. Whalerock Point Partners LLC raised its position in EOG Resources by 39.4% in the fourth quarter. Whalerock Point Partners LLC now owns 5,291 shares of the energy exploration company’s stock worth $535,000 after buying an additional 1,496 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in EOG Resources by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 3,277,546 shares of the energy exploration company’s stock worth $331,360,000 after buying an additional 140,590 shares in the last quarter. Institutional investors own 84.91% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 94.87 on Wednesday. The company’s market cap is $54.77 billion. EOG Resources, Inc. has a 1-year low of $78.04 and a 1-year high of $109.37. The company’s 50-day moving average price is $89.91 and its 200 day moving average price is $95.22.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted ($0.83) EPS. EOG Resources’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post $0.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be paid a $0.1675 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.71%. EOG Resources’s payout ratio is presently -62.04%.
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A number of brokerages recently commented on EOG. UBS AG upgraded EOG Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $106.00 to $109.00 in a report on Thursday, March 30th. Iberia Capital lifted their price target on EOG Resources from $109.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $110.00 price target on shares of EOG Resources in a report on Friday, April 7th. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Finally, Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.27.
About EOG Resources
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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