Motco decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,799 shares of the energy exploration company’s stock after selling 1,989 shares during the quarter. Motco’s holdings in EOG Resources were worth $3,366,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Gagnon Securities LLC raised its stake in EOG Resources by 0.3% during the second quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock worth $273,000 after acquiring an additional 8 shares during the period. Winfield Associates Inc. raised its stake in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the period. Quadrant Capital Group LLC raised its stake in EOG Resources by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock worth $418,000 after acquiring an additional 23 shares during the period. Bank of The West raised its stake in EOG Resources by 0.8% during the second quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock worth $339,000 after acquiring an additional 28 shares during the period. Finally, IHT Wealth Management LLC raised its stake in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.
In related news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is owned by insiders.
EOG has been the topic of several research reports. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. Zacks Investment Research lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Scotiabank restated a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, Barclays PLC restated an “overweight” rating and issued a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. EOG Resources has an average rating of “Buy” and an average target price of $108.79.
EOG Resources, Inc. (EOG) traded up $0.07 during mid-day trading on Friday, reaching $101.43. 2,027,400 shares of the company traded hands, compared to its average volume of 3,124,405. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $58,820.00, a price-to-earnings ratio of 247.22, a PEG ratio of 14.51 and a beta of 0.99. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.40) EPS. equities analysts forecast that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a $0.1675 dividend. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
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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