Calamos Advisors LLC lowered its position in EOG Resources Inc (NYSE:EOG) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,774 shares of the energy exploration company’s stock after selling 1,140 shares during the quarter. Calamos Advisors LLC’s holdings in EOG Resources were worth $16,063,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. UNIVEST FINANCIAL Corp boosted its holdings in EOG Resources by 11.1% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 26,201 shares of the energy exploration company’s stock valued at $2,649,000 after acquiring an additional 2,614 shares during the last quarter. Brasada Capital Management LP boosted its holdings in EOG Resources by 6.8% in the fourth quarter. Brasada Capital Management LP now owns 6,865 shares of the energy exploration company’s stock valued at $575,000 after acquiring an additional 440 shares during the last quarter. PFG Advisors boosted its holdings in EOG Resources by 1.2% in the fourth quarter. PFG Advisors now owns 16,491 shares of the energy exploration company’s stock valued at $1,440,000 after acquiring an additional 195 shares during the last quarter. First Hawaiian Bank boosted its holdings in EOG Resources by 78.2% in the fourth quarter. First Hawaiian Bank now owns 5,715 shares of the energy exploration company’s stock valued at $479,000 after acquiring an additional 2,508 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in EOG Resources by 10.2% in the fourth quarter. DNB Asset Management AS now owns 79,739 shares of the energy exploration company’s stock valued at $6,679,000 after acquiring an additional 7,413 shares during the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.
In other news, Director Charles R. Crisp sold 420 shares of EOG Resources stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $86.49, for a total transaction of $36,325.80. Following the sale, the director now directly owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.
EOG has been the topic of a number of recent research reports. Morgan Stanley restated a “hold” rating and set a $97.00 price objective on shares of EOG Resources in a research note on Wednesday, November 13th. Johnson Rice upgraded EOG Resources from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Barclays reduced their price objective on EOG Resources from $132.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. KeyCorp reduced their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Scotiabank initiated coverage on EOG Resources in a research note on Tuesday, November 12th. They set a “sector perform” rating and a $86.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.63.
Shares of NYSE EOG opened at $86.74 on Thursday. EOG Resources Inc has a 1 year low of $64.33 and a 1 year high of $107.89. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. The stock’s 50-day simple moving average is $79.98 and its 200-day simple moving average is $78.07.
EOG Resources (NYSE:EOG) last announced its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.13. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, research analysts predict that EOG Resources Inc will post 4.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, January 16th. EOG Resources’s payout ratio is 20.76%.
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.
Further Reading: Equal Weight Rating
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