AlphaMark Advisors LLC Lowers Holdings in EOG Resources (EOG)
AlphaMark Advisors LLC decreased its holdings in shares of EOG Resources (NYSE:EOG) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,402 shares of the energy exploration company’s stock after selling 3,770 shares during the period. EOG Resources makes up about 1.6% of AlphaMark Advisors LLC’s portfolio, making the stock its 18th largest position. AlphaMark Advisors LLC’s holdings in EOG Resources were worth $3,832,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Swedbank purchased a new stake in shares of EOG Resources in the first quarter valued at about $127,489,000. Northside Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $82,404,000. Element Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $81,570,000. Two Sigma Advisers LP grew its position in EOG Resources by 452.2% during the fourth quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock valued at $82,741,000 after buying an additional 627,904 shares during the period. Finally, Key Square Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $66,329,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Shares of EOG Resources opened at $126.15 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.06. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of 112.63, a price-to-earnings-growth ratio of 3.28 and a beta of 1.05. EOG Resources has a twelve month low of $119.59 and a twelve month high of $120.99.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, July 7th will be given a $0.185 dividend. The ex-dividend date is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is currently 66.07%.
In other news, SVP Ann D. Janssen sold 4,816 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $117.97, for a total value of $568,143.52. Following the completion of the transaction, the senior vice president now directly owns 56,476 shares in the company, valued at $6,662,473.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank G. Wisner sold 890 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the transaction, the director now owns 118,700 shares of the company’s stock, valued at $13,746,647. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on EOG shares. Zacks Investment Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 9th. Credit Suisse Group set a $126.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. TheStreet upgraded shares of EOG Resources from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Piper Jaffray set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, March 14th. Finally, Morgan Stanley reduced their price target on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average price target of $122.57.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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