LA Financiere DE L Echiquier Sells 48,000 Shares of EOG Resources, Inc. (EOG)
LA Financiere DE L Echiquier cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 48.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,000 shares of the energy exploration company’s stock after selling 48,000 shares during the quarter. EOG Resources makes up about 3.5% of LA Financiere DE L Echiquier’s investment portfolio, making the stock its 12th largest position. LA Financiere DE L Echiquier’s holdings in EOG Resources were worth $5,030,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in EOG. King Luther Capital Management Corp grew its position in EOG Resources by 0.7% during the 1st quarter. King Luther Capital Management Corp now owns 1,613,909 shares of the energy exploration company’s stock worth $157,437,000 after acquiring an additional 11,458 shares during the last quarter. KCG Holdings Inc. grew its position in EOG Resources by 59.4% during the 1st quarter. KCG Holdings Inc. now owns 28,297 shares of the energy exploration company’s stock worth $2,760,000 after acquiring an additional 10,547 shares during the last quarter. Amalgamated Bank grew its position in EOG Resources by 1.5% during the 1st quarter. Amalgamated Bank now owns 34,889 shares of the energy exploration company’s stock worth $3,403,000 after acquiring an additional 510 shares during the last quarter. Nicholas Investment Partners LP bought a new position in EOG Resources during the 1st quarter worth approximately $1,664,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of EOG Resources by 1.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock worth $176,594,000 after buying an additional 31,630 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) traded up $0.07 during trading hours on Friday, reaching $101.43. The company’s stock had a trading volume of 2,027,400 shares, compared to its average volume of 3,124,405. EOG Resources, Inc. has a twelve month low of $81.99 and a twelve month high of $109.37. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $58,770.00, a price-to-earnings ratio of 247.22, a PEG ratio of 14.51 and a beta of 0.99.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company posted ($0.40) earnings per share. EOG Resources’s revenue for the quarter was up 24.8% on a year-over-year basis. equities analysts anticipate that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, October 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
A number of equities research analysts have recently weighed in on EOG shares. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price objective on shares of EOG Resources in a research report on Friday, August 4th. Stifel Nicolaus set a $106.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. Morgan Stanley set a $116.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 price objective (down from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $108.79.
In other news, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares in the company, valued at $7,245,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock valued at $3,717,390 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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