AGF Investments Inc. Sells 4,160 Shares of EOG Resources, Inc. (EOG)
AGF Investments Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 10.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,293 shares of the energy exploration company’s stock after selling 4,160 shares during the quarter. AGF Investments Inc.’s holdings in EOG Resources were worth $3,318,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of EOG. WINTON GROUP Ltd lifted its holdings in EOG Resources by 87.9% during the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after acquiring an additional 4,144 shares during the period. Assenagon Asset Management S.A. bought a new stake in EOG Resources during the third quarter worth $4,649,000. Wendell David Associates Inc. lifted its holdings in EOG Resources by 4.2% during the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after acquiring an additional 600 shares during the period. Usca Ria LLC lifted its holdings in EOG Resources by 232.2% during the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after acquiring an additional 10,939 shares during the period. Finally, Aperio Group LLC lifted its holdings in EOG Resources by 6.9% during the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after acquiring an additional 17,107 shares during the period. Institutional investors own 86.19% of the company’s stock.
A number of analysts recently commented on the company. Imperial Capital assumed coverage on EOG Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. Barclays lifted their price target on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, BMO Capital Markets set a $105.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $109.42.
In other news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction 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 in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is owned by company insiders.
Shares of EOG Resources, Inc. (NYSE EOG) opened at $99.84 on Wednesday. The stock has a market capitalization of $57,730.00, a price-to-earnings ratio of 247.95, a price-to-earnings-growth ratio of 13.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last issued its 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. The firm had revenue of $2.64 billion for 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 business’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.40) earnings per share. equities research analysts predict that EOG Resources, Inc. will post 0.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
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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