Ontario Teachers Pension Plan Board raised its holdings in EOG Resources Inc (NYSE:EOG) by 744.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 26,851 shares of the energy exploration company’s stock after acquiring an additional 23,671 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in EOG Resources were worth $964,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in EOG. Keebeck Wealth Management LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Coastal Investment Advisors Inc. raised its holdings in shares of EOG Resources by 35.9% during the 4th quarter. Coastal Investment Advisors Inc. now owns 685 shares of the energy exploration company’s stock valued at $48,000 after buying an additional 181 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of EOG Resources by 55.2% during the 1st quarter. Private Capital Group LLC now owns 1,332 shares of the energy exploration company’s stock valued at $48,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. purchased a new position in shares of EOG Resources during the 4th quarter valued at about $49,000. Finally, Gradient Investments LLC raised its holdings in shares of EOG Resources by 59.7% during the 1st quarter. Gradient Investments LLC now owns 1,428 shares of the energy exploration company’s stock valued at $51,000 after buying an additional 534 shares in the last quarter. 87.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EOG stock opened at $52.28 on Friday. The firm has a market cap of $30.45 billion, a P/E ratio of 14.36, a P/E/G ratio of 45.47 and a beta of 1.97. EOG Resources Inc has a fifty-two week low of $27.00 and a fifty-two week high of $95.29. The business’s 50 day moving average price is $44.89 and its 200-day moving average price is $63.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.35 and a current ratio of 1.51.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 7th. The energy exploration company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.11). EOG Resources had a net margin of 11.69% and a return on equity of 11.89%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources Inc will post 0.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.50 annualized dividend and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio is presently 30.12%.
A number of equities analysts recently weighed in on EOG shares. UBS Group decreased their price objective on EOG Resources from $118.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Zacks Investment Research raised EOG Resources from a “strong sell” rating to a “hold” rating and set a $44.00 price objective on the stock in a report on Monday, May 11th. Citigroup lifted their price target on EOG Resources from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Cfra cut EOG Resources from a “strong-buy” rating to a “buy” rating and decreased their price target for the stock from $91.00 to $63.00 in a research note on Monday, March 9th. Finally, Edward Jones cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average price target of $73.17.
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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