Valeo Financial Advisors LLC boosted its position in EOG Resources Inc (NYSE:EOG) by 76.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 261 shares of the energy exploration company’s stock after acquiring an additional 113 shares during the period. Valeo Financial Advisors LLC’s holdings in EOG Resources were worth $25,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in EOG. GSA Capital Partners LLP bought a new stake in shares of EOG Resources during the third quarter valued at about $236,000. LPL Financial LLC increased its position in shares of EOG Resources by 7.4% during the third quarter. LPL Financial LLC now owns 62,700 shares of the energy exploration company’s stock valued at $7,999,000 after buying an additional 4,330 shares during the period. Vident Investment Advisory LLC increased its position in shares of EOG Resources by 9.9% during the third quarter. Vident Investment Advisory LLC now owns 7,419 shares of the energy exploration company’s stock valued at $946,000 after buying an additional 671 shares during the period. Verition Fund Management LLC bought a new stake in shares of EOG Resources during the third quarter valued at about $773,000. Finally, Thrivent Financial for Lutherans increased its position in shares of EOG Resources by 2.3% during the third quarter. Thrivent Financial for Lutherans now owns 24,855 shares of the energy exploration company’s stock valued at $3,171,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.
EOG has been the topic of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research report on Wednesday, February 27th. Guggenheim restated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research report on Friday, February 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $106.00 price objective on shares of EOG Resources in a research report on Wednesday, January 9th. JPMorgan Chase & Co. set a $116.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Raymond James set a $124.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $123.00.
In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the sale, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Shares of EOG opened at $101.84 on Thursday. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.41 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.36 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 issued its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Sell-side analysts anticipate that EOG Resources Inc will post 4.94 earnings per share 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 paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
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EOG Resources 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.
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