Sippican Capital Advisors increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,381 shares of the energy exploration company’s stock after acquiring an additional 645 shares during the quarter. EOG Resources comprises 2.0% of Sippican Capital Advisors’ investment portfolio, making the stock its 12th biggest position. Sippican Capital Advisors’ holdings in EOG Resources were worth $1,654,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EOG. GSA Capital Partners LLP acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $236,000. LPL Financial LLC increased its position in shares of EOG Resources by 7.4% in the 3rd quarter. LPL Financial LLC now owns 62,700 shares of the energy exploration company’s stock valued at $7,999,000 after purchasing an additional 4,330 shares during the last quarter. Vident Investment Advisory LLC increased its position in shares of EOG Resources by 9.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 7,419 shares of the energy exploration company’s stock valued at $946,000 after purchasing an additional 671 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $773,000. Finally, Thrivent Financial for Lutherans increased its position in shares of EOG Resources by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,855 shares of the energy exploration company’s stock valued at $3,171,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.
EOG has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research report on Wednesday, February 27th. Guggenheim reaffirmed a “buy” rating and issued a $126.00 target price on shares of EOG Resources in a research report on Friday, February 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a research note on Wednesday, January 9th. JPMorgan Chase & Co. set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, Raymond James set a $124.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. EOG Resources presently has an average rating of “Buy” and an average target price of $123.00.
Shares of NYSE:EOG traded up $0.81 during midday trading on Wednesday, reaching $103.16. The company had a trading volume of 806,894 shares, compared to its average volume of 4,467,238. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $59.37 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26. EOG Resources Inc has a one year low of $82.04 and a one year high of $133.53.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). The company had revenue of $4.57 billion during 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%. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. As a group, equities research analysts forecast that EOG Resources Inc will post 4.94 EPS for the current fiscal year.
The company also recently declared 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 annualized dividend and a dividend yield of 0.85%. EOG Resources’s dividend payout ratio is currently 15.88%.
In other news, Director Frank G. Wisner sold 1,296 shares of the company’s 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 completion of the transaction, the director now owns 120,052 shares in the company, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
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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