Financial Enhancement Group LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 39.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,889 shares of the energy exploration company’s stock after selling 23,717 shares during the quarter. Financial Enhancement Group LLC’s holdings in EOG Resources were worth $3,863,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Tejara Capital Ltd bought a new stake in EOG Resources in the 4th quarter worth about $106,000. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 196.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after acquiring an additional 6,529,464 shares during the period. Morgan Stanley boosted its position in EOG Resources by 87.8% in the fourth quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock worth $1,008,609,000 after purchasing an additional 3,641,504 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of EOG Resources by 12.4% during the 1st quarter. Wellington Management Group LLP now owns 26,897,413 shares of the energy exploration company’s stock valued at $3,083,250,000 after purchasing an additional 2,977,408 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of EOG Resources by 126.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,111,339 shares of the energy exploration company’s stock worth $662,021,000 after purchasing an additional 2,851,839 shares during the period. Institutional investors own 89.21% of the company’s stock.
Insider Activity at EOG Resources
In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the sale, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey R. Leitzell sold 2,031 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the transaction, the executive vice president now owns 37,607 shares of the company’s stock, valued at $4,409,796.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the completion of the sale, the chief operating officer now directly owns 145,259 shares in the company, valued at $18,994,066.84. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on EOG
EOG Resources Stock Performance
EOG opened at $134.09 on Wednesday. The company has a market cap of $78.08 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 0.41 and a beta of 1.57. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $127.24 and its 200-day moving average price is $118.34. EOG Resources, Inc. has a 52-week low of $98.52 and a 52-week high of $150.88.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.21. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business’s quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the company posted $2.74 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.08 EPS for the current fiscal year.
EOG Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 22.24%.
About EOG Resources
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.
Read More
- Five stocks we like better than EOG Resources
- How to Invest in E-Commerce: A Guide
- Ray Dalio’s Move into 3 Stocks, All Betting on One Thing
- Dividend Tax Calculator
- Airbnb Joins the S&P 500, Time to Buy In?
- Short Selling: How to Short a Stock
- Does Dell Technologies Blowout Quarter Mean a New Demand Cycle?
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.
