Hemenway Trust Co LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 89.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,399 shares of the energy exploration company’s stock after purchasing an additional 24,228 shares during the period. Hemenway Trust Co LLC’s holdings in EOG Resources were worth $4,972,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of EOG. Waldron LP lifted its position in shares of EOG Resources by 81.7% in the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after acquiring an additional 2,033 shares in the last quarter. AXA lifted its position in EOG Resources by 8.0% during the first quarter. AXA now owns 838,146 shares of the energy exploration company’s stock worth $81,761,000 after buying an additional 61,924 shares during the period. MAI Capital Management lifted its position in EOG Resources by 197.1% during the first quarter. MAI Capital Management now owns 7,668 shares of the energy exploration company’s stock worth $748,000 after buying an additional 5,087 shares during the period. Boston Private Wealth LLC lifted its position in EOG Resources by 3.1% during the first quarter. Boston Private Wealth LLC now owns 100,567 shares of the energy exploration company’s stock worth $9,810,000 after buying an additional 3,016 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in EOG Resources by 94.5% during the first quarter. ClariVest Asset Management LLC now owns 253,367 shares of the energy exploration company’s stock worth $24,716,000 after buying an additional 123,105 shares during the period. 85.36% of the stock is currently owned by institutional investors.
In other news, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,692 shares of company stock worth $3,717,390. Company insiders own 0.53% of the company’s stock.
A number of research firms have recently issued reports on EOG. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $112.00 to $98.00 in a research note on Friday, July 21st. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 target price (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $108.79.
Shares of EOG Resources, Inc. (NYSE EOG) opened at $102.47 on Wednesday. The firm has a market capitalization of $60,470.16, a P/E ratio of 255.07, a PEG ratio of 14.97 and a beta of 0.99. 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 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned ($0.40) EPS. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. sell-side analysts predict that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, October 16th. EOG Resources’s dividend payout ratio is 6,700.00%.
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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