Ferris Capital LLC grew its position in EOG Resources Inc (NYSE:EOG) by 76.3% during the fourth quarter, HoldingsChannel reports. The firm owned 10,787 shares of the energy exploration company’s stock after buying an additional 4,668 shares during the quarter. Ferris Capital LLC’s holdings in EOG Resources were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC raised its position in shares of EOG Resources by 23.5% in the third quarter. Douglas Lane & Associates LLC now owns 349,845 shares of the energy exploration company’s stock valued at $25,966,000 after purchasing an additional 66,551 shares during the period. Security National Bank increased its position in EOG Resources by 7.7% during the third quarter. Security National Bank now owns 37,361 shares of the energy exploration company’s stock worth $2,773,000 after acquiring an additional 2,673 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in EOG Resources by 30.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,195 shares of the energy exploration company’s stock worth $13,433,000 after acquiring an additional 33,753 shares during the period. National Pension Service increased its position in EOG Resources by 4.8% during the third quarter. National Pension Service now owns 668,857 shares of the energy exploration company’s stock worth $49,643,000 after acquiring an additional 30,668 shares during the period. Finally, Schroder Investment Management Group increased its position in EOG Resources by 96.2% during the second quarter. Schroder Investment Management Group now owns 48,455 shares of the energy exploration company’s stock worth $4,514,000 after acquiring an additional 23,752 shares during the period. 85.65% of the stock is currently owned by institutional investors.
In other news, Director Charles R. Crisp sold 420 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $86.49, for a total value of $36,325.80. Following the sale, the director now owns 50,296 shares in the company, valued at approximately $4,350,101.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.13. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. Analysts predict that EOG Resources Inc will post 4.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.2875 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.41%. EOG Resources’s dividend payout ratio is presently 20.76%.
EOG has been the topic of a number of research reports. SunTrust Banks raised shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $110.00 in a research report on Tuesday. KeyCorp dropped their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Robert W. Baird boosted their target price on shares of EOG Resources from $89.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday. Johnson Rice raised shares of EOG Resources from a “hold” rating to an “accumulate” rating in a research report on Tuesday, November 19th. Finally, Citigroup dropped their target price on shares of EOG Resources from $93.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $103.42.
About EOG Resources
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 People's Republic of China, and Canada.
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