O Brien Greene & Co. Inc increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,850 shares of the energy exploration company’s stock after acquiring an additional 620 shares during the quarter. EOG Resources comprises about 2.1% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 18th largest holding. O Brien Greene & Co. Inc’s holdings in EOG Resources were worth $5,283,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in EOG Resources by 29.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,398,578 shares of the energy exploration company’s stock valued at $917,525,000 after buying an additional 4,194,838 shares during the period. Ceredex Value Advisors LLC bought a new position in EOG Resources in the 1st quarter valued at about $148,417,000. Principal Financial Group Inc. increased its holdings in EOG Resources by 52.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,613,452 shares of the energy exploration company’s stock valued at $230,073,000 after buying an additional 1,579,499 shares during the period. BlackRock Inc. increased its holdings in EOG Resources by 4.0% in the 1st quarter. BlackRock Inc. now owns 40,598,957 shares of the energy exploration company’s stock valued at $2,944,642,000 after buying an additional 1,554,226 shares during the period. Finally, Boston Partners increased its holdings in EOG Resources by 143.0% in the 1st quarter. Boston Partners now owns 2,291,101 shares of the energy exploration company’s stock valued at $166,098,000 after buying an additional 1,348,343 shares during the period. 89.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EOG traded up $0.29 during midday trading on Friday, reaching $86.46. The stock had a trading volume of 36,231 shares, compared to its average volume of 4,431,847. The company has a market cap of $50.46 billion, a price-to-earnings ratio of 874.79, a price-to-earnings-growth ratio of 4.94 and a beta of 2.16. EOG Resources, Inc. has a twelve month low of $31.22 and a twelve month high of $87.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.87. The firm has a 50 day simple moving average of $77.68.
The business also recently announced a special dividend, which will be paid on Friday, July 30th. Investors of record on Friday, July 16th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, July 15th. This represents a dividend yield of 2%. EOG Resources’s payout ratio is presently 113.01%.
In related news, EVP Kenneth W. Boedeker sold 8,711 shares of the business’s stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $85.00, for a total transaction of $740,435.00. Following the transaction, the executive vice president now owns 18,385 shares in the company, valued at approximately $1,562,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.
Several equities research analysts recently issued reports on EOG shares. Johnson Rice lowered shares of EOG Resources from an “accumulate” rating to a “hold” rating and lifted their price target for the company from $88.00 to $105.00 in a report on Tuesday. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $72.00 to $86.00 in a report on Thursday, April 15th. US Capital Advisors lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, March 12th. TD Securities lifted their price target on shares of EOG Resources from $65.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 26th. Finally, Wells Fargo & Company lifted their price target on shares of EOG Resources from $75.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $76.16.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.
Further Reading: Equal Weight Rating
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