Seaward Management Limited Partnership boosted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,807 shares of the energy exploration company’s stock after buying an additional 5,859 shares during the quarter. Seaward Management Limited Partnership’s holdings in EOG Resources were worth $11,309,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Amundi Pioneer Asset Management Inc. boosted its stake 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 buying an additional 1,206,576 shares during the period. Ameriprise Financial Inc. boosted its stake 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 buying an additional 1,118,898 shares during the period. Janus Henderson Group PLC boosted its stake in shares of EOG Resources by 379.5% in the second quarter. Janus Henderson Group PLC now owns 968,855 shares of the energy exploration company’s stock valued at $87,702,000 after buying an additional 766,788 shares during the period. Northside Capital Management LLC bought a new stake in shares of EOG Resources in the fourth quarter valued at approximately $82,404,000. Finally, Westfield Capital Management Co. LP bought a new stake in EOG Resources during the third quarter worth $64,975,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on EOG. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets reiterated a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a research note on Thursday, January 11th. Stifel Nicolaus set a $136.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Tuesday, January 30th. Jefferies Group increased their price objective on EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Finally, Barclays increased their price objective on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $116.64.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a dividend of $0.1675 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.63%. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.
In other news, President Gary L. Thomas sold 40,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the transaction, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock valued at $7,820,085 over the last 90 days. Company insiders own 0.53% of the company’s stock.
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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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