Sheets Smith Wealth Management grew its position in EOG Resources Inc (NYSE:EOG) by 39.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,019 shares of the energy exploration company’s stock after purchasing an additional 1,415 shares during the period. Sheets Smith Wealth Management’s holdings in EOG Resources were worth $640,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. FMR LLC raised its holdings in EOG Resources by 17.5% in the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after purchasing an additional 3,822,930 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new stake in EOG Resources in the second quarter worth $104,146,000. Fenimore Asset Management Inc. acquired a new stake in EOG Resources in the second quarter worth $86,564,000. Northside Capital Management LLC acquired a new stake in EOG Resources in the second quarter worth $79,851,000. Finally, Findlay Park Partners LLP raised its holdings in EOG Resources by 45.1% in the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after purchasing an additional 597,717 shares during the period. Institutional investors own 86.16% of the company’s stock.
Several equities research analysts have weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $140.00 target price on shares of EOG Resources in a report on Thursday, October 11th. Cowen set a $125.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 target price on the stock in a report on Monday, July 9th. TD Securities began coverage on shares of EOG Resources in a report on Thursday, July 5th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $143.00 price objective on shares of EOG Resources in a research report on Friday, July 20th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $137.48.
In related news, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the transaction, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,346 shares of company stock valued at $7,508,977. 0.51% of the stock is owned by insiders.
Shares of EOG stock opened at $122.57 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. EOG Resources Inc has a 12-month low of $95.36 and a 12-month high of $133.53. The firm has a market cap of $73.89 billion, a PE ratio of 109.79, a P/E/G ratio of 1.87 and a beta of 1.00.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue was up 62.2% compared to the same quarter last year. On average, research analysts anticipate that EOG Resources Inc will post 5.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. This is an increase from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s dividend payout ratio (DPR) is 66.07%.
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 United Kingdom, the People's Republic of China, and Canada.
Recommended Story: What is a put option?
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc (NYSE:EOG).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.