Bessemer Group Inc. Buys 68,172 Shares of EOG Resources, Inc. (EOG)
Bessemer Group Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 51.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 199,570 shares of the energy exploration company’s stock after buying an additional 68,172 shares during the period. Bessemer Group Inc.’s holdings in EOG Resources were worth $19,306,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sandy Spring Bank boosted its stake in EOG Resources by 44.6% during the third quarter. Sandy Spring Bank now owns 6,577 shares of the energy exploration company’s stock worth $636,000 after buying an additional 2,030 shares during the last quarter. Swiss National Bank boosted its stake in EOG Resources by 1.0% during the third quarter. Swiss National Bank now owns 2,203,966 shares of the energy exploration company’s stock worth $213,212,000 after buying an additional 21,000 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in EOG Resources by 1.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 61,608 shares of the energy exploration company’s stock worth $5,960,000 after buying an additional 1,131 shares during the last quarter. Smith Salley & Associates boosted its stake in EOG Resources by 1.4% during the third quarter. Smith Salley & Associates now owns 43,764 shares of the energy exploration company’s stock worth $4,234,000 after buying an additional 603 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in EOG Resources by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 117,161 shares of the energy exploration company’s stock worth $11,335,000 after buying an additional 23,721 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors.
In other news, 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 value of $332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at approximately $8,576,259.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,692 shares of company stock worth $4,032,990. Company insiders own 0.53% of the company’s stock.
A number of research firms have weighed in on EOG. Jefferies Group LLC boosted their price objective on EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research note on Tuesday. Royal Bank Of Canada boosted their price objective on EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley set a $116.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Robert W. Baird set a $114.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $108.96.
EOG Resources, Inc. (NYSE EOG) traded down $0.20 on Friday, hitting $104.58. The stock had a trading volume of 3,249,378 shares, compared to its average volume of 2,813,200. 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 $60,585.80, a P/E ratio of 255.56, a P/E/G ratio of 15.00 and a beta of 0.99. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. analysts forecast that EOG Resources, Inc. will post 0.78 EPS 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 issued a $0.1675 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. EOG Resources’s payout ratio is currently 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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