Commonwealth Equity Services LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,341 shares of the energy exploration company’s stock after selling 8,523 shares during the period. Commonwealth Equity Services LLC’s holdings in EOG Resources were worth $14,367,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of EOG Resources by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after buying an additional 2,213 shares during the last quarter. Moors & Cabot Inc. bought a new position in EOG Resources in the 1st quarter worth about $404,000. Sequoia Financial Advisors LLC bought a new position in EOG Resources in the 1st quarter worth about $278,000. Zions Bancorporation N.A. increased its stake in EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock worth $138,000 after acquiring an additional 813 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of EOG Resources by 23.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently weighed in on EOG. Morgan Stanley increased their target price on EOG Resources from $125.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Jefferies Financial Group dropped their target price on EOG Resources from $147.00 to $138.00 in a report on Monday, May 15th. Tudor, Pickering, Holt & Co. cut EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group cut EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $137.00 to $130.00 in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company raised their target price on EOG Resources from $149.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.75.
Insider Transactions at EOG Resources
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $115.87, for a total transaction of $579,350.00. Following the sale, the chief operating officer now directly owns 149,689 shares of the company’s stock, valued at $17,344,464.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the transaction, the executive vice president now owns 37,607 shares of the company’s stock, valued at $4,409,796.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Lloyd W. Helms, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $115.87, for a total value of $579,350.00. Following the transaction, the chief operating officer now directly owns 149,689 shares in the company, valued at approximately $17,344,464.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,582 shares of company stock valued at $1,412,594. 0.40% of the stock is currently owned by insiders.
EOG Resources Price Performance
Shares of EOG Resources stock opened at $127.08 on Monday. The stock’s 50-day simple moving average is $122.60 and its 200-day simple moving average is $117.85. EOG Resources, Inc. has a 52 week low of $98.52 and a 52 week high of $150.88. The company has a market capitalization of $73.99 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.40 and a beta of 1.55. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14.
EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The energy exploration company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.28 by $0.21. EOG Resources had a return on equity of 28.52% and a net margin of 33.58%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The business’s revenue was down 24.8% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 10.97 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.30 annualized dividend and a dividend yield of 2.60%. EOG Resources’s dividend payout ratio (DPR) is 22.24%.
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; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
Featured Stories
- Five stocks we like better than EOG Resources
- How to Invest in Cybersecurity
- Deere Stock: 5 Reasons the Pullback Is an Opportunity
- When to Sell a Stock for Profit or Loss
- 2 Stocks to Get You Ready for the Holiday Season
- What is Put Option Volume?
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
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 – Free Report).
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.
