ARGA Investment Management LP Has $2.07 Million Holdings in EOG Resources, Inc. (EOG)
ARGA Investment Management LP raised its position in EOG Resources, Inc. (NYSE:EOG) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,400 shares of the energy exploration company’s stock after purchasing an additional 900 shares during the quarter. ARGA Investment Management LP’s holdings in EOG Resources were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of EOG Resources by 14.7% in the second 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 in the last quarter. Vanguard Group Inc. boosted its holdings in EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares in the last quarter. Capital World Investors boosted its holdings in EOG Resources by 9.9% during the second 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. Northern Trust Corp boosted its holdings in EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after buying an additional 638,183 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in EOG Resources by 8.0% during the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock worth $625,910,000 after buying an additional 511,099 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.
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In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction dated Monday, November 6th. The stock was 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 sold 153,692 shares of company stock worth $3,717,390 over the last 90 days. 0.53% of the stock is currently owned by corporate insiders.
A number of analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Jefferies Group LLC raised their target price on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Barclays PLC raised their price objective on shares of EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday. Robert W. Baird set a $114.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, Imperial Capital started coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $108.92.
EOG Resources, Inc. (NYSE:EOG) traded down $0.07 during trading on Friday, hitting $101.59. 2,654,800 shares of the stock traded hands, compared to its average volume of 3,117,644. The firm has a market capitalization of $58,741.29, a PE ratio of 247.78, a PEG ratio of 13.60 and a beta of 0.99. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during 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 firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.40) earnings per share. equities research analysts forecast that EOG Resources, Inc. will post 0.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio (DPR) is presently 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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