Bainco International Investors boosted its position in shares of EOG Resources Inc (NYSE:EOG) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,759 shares of the energy exploration company’s stock after buying an additional 5,020 shares during the period. Bainco International Investors’ holdings in EOG Resources were worth $8,583,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Amundi Pioneer Asset Management Inc. increased its holdings in shares of EOG Resources by 43.1% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock valued at $387,626,000 after purchasing an additional 1,206,576 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of EOG Resources by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after purchasing an additional 1,118,898 shares during the period. Northside Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $82,404,000. Westfield Capital Management Co. LP acquired a new position in shares of EOG Resources in the third quarter valued at approximately $64,975,000. Finally, First Eagle Investment Management LLC acquired a new position in shares of EOG Resources in the third quarter valued at approximately $64,133,000. 84.74% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc (NYSE:EOG) opened at $102.80 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $59,480.00, a price-to-earnings ratio of -32.74, a price-to-earnings-growth ratio of 3.33 and a beta of 1.09. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $119.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.72%. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. EOG Resources’s payout ratio is presently -21.34%.
A number of research firms have recently issued reports on EOG. Morgan Stanley dropped their target price on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 target price on EOG Resources and gave the company a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 target price on EOG Resources and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Monday, January 15th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $118.88.
In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the sale, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the sale, the president now owns 1,006,461 shares in the company, valued at $113,669,705.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by company insiders.
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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