National Pension Service raised its stake in EOG Resources Inc (NYSE:EOG) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,229 shares of the energy exploration company’s stock after acquiring an additional 14,145 shares during the period. National Pension Service owned 0.09% of EOG Resources worth $53,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whalerock Point Partners LLC boosted its stake in EOG Resources by 5.2% in the fourth quarter. Whalerock Point Partners LLC now owns 10,248 shares of the energy exploration company’s stock valued at $1,106,000 after acquiring an additional 502 shares in the last quarter. Atria Investments LLC boosted its stake in EOG Resources by 15.8% in the fourth quarter. Atria Investments LLC now owns 5,926 shares of the energy exploration company’s stock valued at $639,000 after acquiring an additional 810 shares in the last quarter. Starfire Investment Advisers Inc. purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $718,000. Sheets Smith Wealth Management purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $410,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of EOG Resources by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 209,746 shares of the energy exploration company’s stock valued at $22,633,000 after buying an additional 1,890 shares during the last quarter. Institutional investors own 85.28% of the company’s stock.
In related news, President Gary L. Thomas sold 2,000 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now directly owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now directly 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 189,048 shares of company stock valued at $8,189,473 over the last three months. 0.53% of the stock is currently owned by corporate insiders.
EOG Resources (NYSE:EOG) last posted 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 firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) earnings per share. analysts predict that EOG Resources Inc will post 0.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a dividend of $0.1675 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.59%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
A number of equities research analysts have recently commented on EOG shares. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Barclays upped their target price on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Argus upped their target price on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average price target of $114.50.
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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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