Sumitomo Life Insurance Co. lessened its position in shares of EOG Resources Inc (NYSE:EOG) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,834 shares of the energy exploration company’s stock after selling 2,275 shares during the period. Sumitomo Life Insurance Co.’s holdings in EOG Resources were worth $2,364,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of EOG. Valeo Financial Advisors LLC boosted its holdings in shares of EOG Resources by 76.4% during the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Athena Capital Advisors LLC bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $46,000. Legacy Financial Advisors Inc. boosted its holdings in shares of EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after acquiring an additional 287 shares during the period. Quad Cities Investment Group LLC bought a new stake in shares of EOG Resources during the first quarter worth approximately $48,000. Finally, Proficio Capital Partners LLC boosted its holdings in shares of EOG Resources by 30.8% during the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock worth $49,000 after acquiring an additional 133 shares during the period. Institutional investors own 87.89% of the company’s stock.
A number of equities research analysts have recently issued reports on EOG shares. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. TD Securities reduced their price objective on EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, February 28th. JPMorgan Chase & Co. set a $116.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Friday, January 25th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Argus set a $120.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Friday, March 1st. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $123.00.
EOG stock opened at $103.68 on Wednesday. The stock has a market cap of $59.37 billion, a PE ratio of 18.71, a P/E/G ratio of 1.41 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. EOG Resources Inc has a 1 year low of $82.04 and a 1 year high of $133.53.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. EOG Resources’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, sell-side analysts expect that EOG Resources Inc will post 4.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
EOG Resources Company 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 People's Republic of China, and Canada.
Further Reading: Special Dividends
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