EOG Resources Inc (EOG) Shares Bought by Private Capital Advisors Inc.
Private Capital Advisors Inc. boosted its stake in shares of EOG Resources Inc (NYSE:EOG) by 15.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,618 shares of the energy exploration company’s stock after purchasing an additional 4,700 shares during the period. Private Capital Advisors Inc.’s holdings in EOG Resources were worth $3,446,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. FMR LLC grew its position in EOG Resources by 17.5% during the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock valued at $3,199,115,000 after purchasing an additional 3,822,930 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in EOG Resources during the second quarter valued at approximately $104,146,000. Fenimore Asset Management Inc. purchased a new position in EOG Resources during the second quarter valued at approximately $86,564,000. Northside Capital Management LLC purchased a new position in EOG Resources during the second quarter valued at approximately $79,851,000. Finally, Findlay Park Partners LLP grew its position in EOG Resources by 45.1% during the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock valued at $239,461,000 after purchasing an additional 597,717 shares in the last quarter. 86.16% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EOG opened at $122.18 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $73.89 billion, a price-to-earnings ratio of 109.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. EOG Resources Inc has a 12-month low of $95.36 and a 12-month high of $133.53.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, October 16th. EOG Resources’s payout ratio is presently 66.07%.
In other news, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares in the company, valued at $5,809,748.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Thomas sold 57,065 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the sale, the chief executive officer now owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The disclosure for this sale can be found here. Insiders sold 61,346 shares of company stock valued at $7,508,977 over the last 90 days. 0.51% of the stock is owned by corporate insiders.
EOG has been the topic of a number of research analyst reports. Mizuho initiated coverage on shares of EOG Resources in a research report on Monday, July 23rd. They set a “buy” rating and a $173.00 price objective on the stock. Royal Bank of Canada set a $142.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, September 20th. ValuEngine raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $138.00 price objective on shares of EOG Resources in a research report on Friday, September 28th. Finally, Societe Generale raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $137.48.
EOG Resources Company Profile
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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