Chelsea Counsel Co. Increases Stake in EOG Resources Inc (EOG)
Chelsea Counsel Co. lifted its stake in shares of EOG Resources Inc (NYSE:EOG) by 42.4% during the fourth quarter, HoldingsChannel reports. The firm owned 21,875 shares of the energy exploration company’s stock after buying an additional 6,510 shares during the period. EOG Resources accounts for approximately 1.3% of Chelsea Counsel Co.’s holdings, making the stock its 25th largest position. Chelsea Counsel Co.’s holdings in EOG Resources were worth $2,360,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. lifted its position in shares of EOG Resources by 37.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 138,291 shares of the energy exploration company’s stock worth $14,883,000 after purchasing an additional 38,037 shares in the last quarter. Trust Co lifted its position in shares of EOG Resources by 15.6% during the third quarter. Trust Co now owns 4,640 shares of the energy exploration company’s stock worth $449,000 after purchasing an additional 626 shares in the last quarter. Franklin Street Advisors Inc. NC raised its stake in shares of EOG Resources by 21.8% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 100,833 shares of the energy exploration company’s stock worth $10,881,000 after buying an additional 18,015 shares during the last quarter. DnB Asset Management AS raised its stake in shares of EOG Resources by 11.1% during the fourth quarter. DnB Asset Management AS now owns 71,848 shares of the energy exploration company’s stock worth $7,753,000 after buying an additional 7,200 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of EOG Resources by 0.6% during the third quarter. Prudential Financial Inc. now owns 817,326 shares of the energy exploration company’s stock worth $79,069,000 after buying an additional 4,870 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.
In other news, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The disclosure for this sale can be found here. Insiders have sold 189,048 shares of company stock valued at $8,189,473 in the last three months. 0.53% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $120.00 price target on shares of EOG Resources in a research note on Thursday. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “buy” rating and set a $118.00 price target on shares of EOG Resources in a research note on Tuesday. Argus boosted their price target on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Imperial Capital reissued an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of EOG Resources in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $114.38.
Shares of EOG Resources Inc (NYSE:EOG) traded up $3.13 during mid-day trading on Friday, hitting $115.14. 3,828,100 shares of the stock traded hands, compared to its average volume of 2,721,512. 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 52 week low of $81.99 and a 52 week high of $115.72. The company has a market capitalization of $66,940.00, a P/E ratio of 11,514.00, a price-to-earnings-growth ratio of 5.11 and a beta of 0.98.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. sell-side analysts predict that EOG Resources Inc will post 0.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio is 6,700.00%.
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EOG Resources 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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