Prio Wealth Limited Partnership Has $11.84 Million Stake in EOG Resources Inc (EOG)

Prio Wealth Limited Partnership lessened its position in shares of EOG Resources Inc (NYSE:EOG) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 95,127 shares of the energy exploration company’s stock after selling 3,605 shares during the quarter. Prio Wealth Limited Partnership’s holdings in EOG Resources were worth $11,836,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of EOG Resources by 0.6% during the 1st quarter. BlackRock Inc. now owns 35,115,040 shares of the energy exploration company’s stock valued at $3,696,557,000 after buying an additional 204,958 shares during the period. Neuberger Berman Group LLC raised its position in shares of EOG Resources by 1.7% during the 1st quarter. Neuberger Berman Group LLC now owns 6,296,404 shares of the energy exploration company’s stock valued at $662,822,000 after buying an additional 102,770 shares during the period. American Century Companies Inc. raised its position in shares of EOG Resources by 1.7% during the 1st quarter. American Century Companies Inc. now owns 4,327,336 shares of the energy exploration company’s stock valued at $455,539,000 after buying an additional 72,396 shares during the period. Royal Bank of Canada raised its position in shares of EOG Resources by 0.8% during the 1st quarter. Royal Bank of Canada now owns 4,262,600 shares of the energy exploration company’s stock valued at $448,722,000 after buying an additional 31,734 shares during the period. Finally, Eaton Vance Management raised its position in shares of EOG Resources by 11.8% during the 1st quarter. Eaton Vance Management now owns 3,239,350 shares of the energy exploration company’s stock valued at $341,006,000 after buying an additional 342,069 shares during the period. 85.12% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Donald F. Textor sold 1,864 shares of the company’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $122.88, for a total transaction of $229,048.32. Following the sale, the director now owns 118,263 shares of the company’s stock, valued at $14,532,157.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 50,000 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $125.36, for a total value of $6,268,000.00. Following the sale, the president now directly owns 988,947 shares in the company, valued at approximately $123,974,395.92. The disclosure for this sale can be found here. In the last three months, insiders sold 119,497 shares of company stock worth $14,590,499. 0.51% of the stock is owned by corporate insiders.

Shares of EOG Resources opened at $122.77 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $70.84 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98. EOG Resources Inc has a 52-week low of $81.99 and a 52-week high of $131.60.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The firm’s quarterly revenue was up 62.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. analysts predict that EOG Resources Inc will post 5.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be given a $0.22 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s payout ratio is presently 66.07%.

Several analysts have recently commented on EOG shares. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Tuesday, April 24th. Stifel Nicolaus set a $146.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Monday, April 23rd. ValuEngine raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Bank of America raised shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Thursday, May 10th. Finally, TD Securities started coverage on shares of EOG Resources in a research report on Thursday, July 5th. They set a “buy” rating and a $155.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $134.38.

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 United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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