EOG Resources Inc (EOG) Shares Sold by Private Capital Advisors Inc.
Private Capital Advisors Inc. lessened its holdings in EOG Resources Inc (NYSE:EOG) by 12.9% during the 4th quarter, Holdings Channel reports. The fund owned 31,018 shares of the energy exploration company’s stock after selling 4,600 shares during the period. Private Capital Advisors Inc.’s holdings in EOG Resources were worth $3,347,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in EOG. Capital Research Global Investors grew its position in EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after buying an additional 2,083,122 shares in the last quarter. Capital World Investors grew its position in shares of EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after buying an additional 1,568,085 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of EOG Resources by 49.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after buying an additional 1,452,947 shares in the last quarter. Finally, Findlay Park Partners LLP bought a new position in shares of EOG Resources during the 2nd quarter worth $120,097,000. 85.25% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc (NYSE EOG) traded up $0.56 during mid-day trading on Friday, reaching $115.70. The company had a trading volume of 2,030,000 shares, compared to its average volume of 2,500,000. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $116.47. The company has a market capitalization of $66,900.00, a P/E ratio of 11,570.00, a P/E/G ratio of 5.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned ($0.40) earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts predict that EOG Resources Inc will post 0.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s payout ratio is currently 6,700.00%.
In related news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $106.00, for a total value of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares in the company, valued at approximately $7,962,508. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,048 shares of company stock worth $8,189,473. 0.53% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on EOG. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reissued a “buy” rating and set a $120.00 price target on shares of EOG Resources in a research report on Thursday. Jefferies Group increased their price target on EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada set a $107.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. One investment 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 stock presently has an average rating of “Buy” and an average target price of $114.38.
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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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