EOG Resources, Inc. (EOG) Position Reduced by SG Americas Securities LLC
SG Americas Securities LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 44.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,523 shares of the energy exploration company’s stock after selling 50,922 shares during the quarter. SG Americas Securities LLC’s holdings in EOG Resources were worth $6,145,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Gagnon Securities LLC boosted its position in shares of EOG Resources by 0.3% during the 2nd quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after acquiring an additional 8 shares during the last quarter. Winfield Associates Inc. boosted its position in shares of EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after acquiring an additional 19 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of EOG Resources by 0.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after acquiring an additional 23 shares during the last quarter. Bank of The West boosted its position in shares of EOG Resources by 0.8% during the 2nd quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after acquiring an additional 28 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the last quarter. 85.36% of the stock is owned by institutional investors.
EOG Resources, Inc. (NYSE EOG) traded up $0.21 during midday trading on Friday, hitting $101.64. The stock had a trading volume of 2,594,277 shares, compared to its average volume of 3,122,039. The firm has a market cap of $58,650.00, a price-to-earnings ratio of 249.93, a P/E/G ratio of 14.67 and a beta of 0.99. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week 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.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. equities analysts expect that EOG Resources, Inc. will post 0.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.66%. EOG Resources’s payout ratio is 6,700.00%.
A number of analysts recently weighed in on EOG shares. Royal Bank Of Canada upped their target price on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Jefferies Group LLC upped their price target on EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the company a “buy” rating in a report on Friday. Imperial Capital initiated coverage on EOG Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Morgan Stanley set a $116.00 price target on EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $108.79.
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In other news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was 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 directly owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is owned by corporate insiders.
EOG Resources Company Profile
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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