Mackay Shields LLC Buys 3,613 Shares of EOG Resources Inc (EOG)

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Mackay Shields LLC grew its stake in shares of EOG Resources Inc (NYSE:EOG) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,786 shares of the energy exploration company’s stock after buying an additional 3,613 shares during the quarter. Mackay Shields LLC’s holdings in EOG Resources were worth $9,836,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in shares of EOG Resources by 41.2% in the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after purchasing an additional 143 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in shares of EOG Resources in the fourth quarter worth about $46,000. Legacy Financial Advisors Inc. grew its stake in shares of EOG Resources by 108.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after purchasing an additional 287 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of EOG Resources by 30.8% in the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock worth $49,000 after purchasing an additional 133 shares during the last quarter. Finally, Enlightenment Research LLC bought a new stake in shares of EOG Resources in the fourth quarter worth about $52,000. 86.96% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at $10,478,138.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total transaction of $235,862.76. Following the transaction, the executive vice president now owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. Insiders have sold 6,834 shares of company stock valued at $640,668 over the last quarter. Company insiders own 0.51% of the company’s stock.

Several analysts have commented on EOG shares. SunTrust Banks started coverage on shares of EOG Resources in a report on Monday, December 17th. They issued a “buy” rating and a $130.00 price objective for the company. MKM Partners started coverage on shares of EOG Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $133.00 price objective for the company. Robert W. Baird restated a “buy” rating and issued a $133.00 price objective on shares of EOG Resources in a report on Monday, December 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $106.00 price objective on shares of EOG Resources in a report on Wednesday, January 9th. Finally, Raymond James set a $124.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $123.68.

EOG stock opened at $88.85 on Monday. EOG Resources Inc has a 52-week low of $82.04 and a 52-week high of $133.53. The company has a market cap of $51.54 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. EOG Resources’s revenue for the quarter was up 36.9% on a year-over-year basis. Sell-side analysts predict that EOG Resources Inc will post 4.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. EOG Resources’s payout ratio is 15.88%.

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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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