ACG Wealth Reduces Holdings in EOG Resources, Inc. (EOG)
ACG Wealth decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 21.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,783 shares of the energy exploration company’s stock after selling 2,901 shares during the quarter. ACG Wealth’s holdings in EOG Resources were worth $1,043,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of EOG. RMB Capital Management LLC grew its holdings in shares of EOG Resources by 4.5% during the first quarter. RMB Capital Management LLC now owns 172,798 shares of the energy exploration company’s stock worth $16,856,000 after purchasing an additional 7,402 shares during the last quarter. Morgan Stanley boosted its stake in shares of EOG Resources by 18.3% during the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock worth $387,872,000 after buying an additional 614,945 shares during the period. Renaissance Technologies LLC boosted its stake in shares of EOG Resources by 26.6% during the first quarter. Renaissance Technologies LLC now owns 774,000 shares of the energy exploration company’s stock worth $75,504,000 after buying an additional 162,500 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of EOG Resources during the first quarter worth about $221,000. Finally, BlackRock Inc. boosted its stake in shares of EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares during the period. 85.36% of the stock is currently owned by institutional investors.
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In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now directly owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,692 shares of company stock valued at $3,717,390. Corporate insiders own 0.53% of the company’s stock.
Several equities research analysts have recently weighed in on EOG shares. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Barclays PLC increased their target price on shares of EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets set a $105.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co increased their target price on shares of EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus price target of $108.79.
Shares of EOG Resources, Inc. (NYSE:EOG) traded up $0.14 on Thursday, hitting $101.50. 600,177 shares of the stock were exchanged, compared to its average volume of 3,129,368. 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, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37. The stock has a market cap of $58,610.00, a PE ratio of 249.93, a price-to-earnings-growth ratio of 14.67 and a beta of 0.99.
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, topping the Zacks’ 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 business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company posted ($0.40) EPS. The company’s revenue was up 24.8% on a year-over-year basis. equities analysts expect that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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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