Pennsylvania Trust Co Sells 1,429 Shares of EOG Resources Inc (EOG)
Pennsylvania Trust Co decreased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,720 shares of the energy exploration company’s stock after selling 1,429 shares during the quarter. Pennsylvania Trust Co’s holdings in EOG Resources were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of EOG. Baker Ellis Asset Management LLC bought a new position in EOG Resources in the 3rd quarter worth $101,000. Chicago Partners Investment Group LLC boosted its holdings in EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares during the period. Fis Group Inc. bought a new position in EOG Resources in the 3rd quarter worth $130,000. Quantbot Technologies LP bought a new position in EOG Resources in the 3rd quarter worth $153,000. Finally, Zions Bancorporation boosted its holdings in EOG Resources by 5,268.6% in the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock worth $182,000 after buying an additional 1,844 shares during the period. 85.28% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc (NYSE:EOG) opened at $113.53 on Thursday. The company has a market cap of $65,564.27, a price-to-earnings ratio of 11,353.00, a price-to-earnings-growth ratio of 4.83 and a beta of 0.98. EOG Resources Inc has a one year low of $81.99 and a one year high of $116.47. 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 results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS. equities analysts forecast that EOG Resources Inc will post 0.89 earnings per share for the current year.
The firm also recently announced 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 0.59%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s dividend payout ratio is 6,700.00%.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Monday. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $118.00 target price on shares of EOG Resources in a report on Tuesday, January 9th. Imperial Capital reaffirmed an “outperform” rating and issued a $120.00 target price (up previously from $115.00) on shares of EOG Resources in a report on Monday, January 8th. Finally, Argus upped their target price on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and a consensus price target of $114.50.
In other news, President Gary L. Thomas sold 2,000 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now directly owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now owns 80,415 shares in the company, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 139,048 shares of company stock worth $8,173,973 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
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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