IBM Retirement Fund trimmed its stake in shares of EOG Resources Inc (NYSE:EOG) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,184 shares of the energy exploration company’s stock after selling 675 shares during the period. IBM Retirement Fund’s holdings in EOG Resources were worth $888,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Beaconlight Capital LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $5,366,000. Lido Advisors LLC lifted its stake in shares of EOG Resources by 12.5% in the fourth quarter. Lido Advisors LLC now owns 2,342 shares of the energy exploration company’s stock worth $204,000 after buying an additional 261 shares in the last quarter. Change Path LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $307,000. Mackay Shields LLC lifted its stake in shares of EOG Resources by 3.3% in the fourth quarter. Mackay Shields LLC now owns 112,786 shares of the energy exploration company’s stock worth $9,836,000 after buying an additional 3,613 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in shares of EOG Resources by 8.0% in the fourth quarter. Dana Investment Advisors Inc. now owns 17,508 shares of the energy exploration company’s stock worth $1,527,000 after buying an additional 1,295 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.
NYSE EOG opened at $88.85 on Friday. 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 Inc has a one year low of $82.04 and a one year high of $133.53. The company has a market capitalization 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.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 36.9% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources Inc will post 4.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 15.88%.
In other news, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the transaction, the director now owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at approximately $4,486,528.48. The disclosure for this sale can be found here. In the last three months, insiders sold 6,834 shares of company stock valued at $640,668. Insiders own 0.51% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of EOG Resources from $106.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 27th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Barclays reissued a “buy” rating and issued a $138.00 price target on shares of EOG Resources in a research note on Wednesday. Wells Fargo & Co dropped their price target on shares of EOG Resources from $116.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday. They noted that the move was a valuation call. Finally, TD Securities dropped their price target on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $123.68.
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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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