Cetera Investment Advisers reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 48.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,866 shares of the energy exploration company’s stock after selling 3,636 shares during the period. Cetera Investment Advisers’ holdings in EOG Resources were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in shares of EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares during the period. Vanguard Group Inc. raised its position in EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after purchasing an additional 1,058,276 shares in the last quarter. Capital World Investors raised its position in EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Northern Trust Corp raised its position in EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after purchasing an additional 638,183 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in EOG Resources by 8.0% during the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after purchasing an additional 511,099 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.
EOG has been the subject of several research analyst reports. Jefferies Group restated a “hold” rating and set a $89.00 price objective (down from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $106.00 in a research report on Tuesday, September 12th. Piper Jaffray Companies lowered their price objective on shares of EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Finally, Imperial Capital initiated coverage on shares of EOG Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average target price of $109.83.
In related news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction on Thursday, September 28th. The stock was 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 directly owns 53,196 shares in the company, valued at $5,161,607.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock valued at $3,717,390 over the last quarter. Company insiders own 0.53% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) traded down $0.30 during trading hours on Friday, hitting $99.64. 2,425,000 shares of the stock traded hands, compared to its average volume of 3,067,226. The firm has a market capitalization of $57,787.23, a P/E ratio of 243.76, a PEG ratio of 13.18 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $107.95.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The company 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 company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.40) earnings per share. sell-side analysts expect that EOG Resources, Inc. will post 0.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.67%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
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EOG Resources Profile
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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