CNB Bank Takes $313,000 Position in EOG Resources Inc (EOG)
CNB Bank acquired a new position in shares of EOG Resources Inc (NYSE:EOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,897 shares of the energy exploration company’s stock, valued at approximately $313,000.
Several other institutional investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in EOG Resources by 8.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 326,939 shares of the energy exploration company’s stock worth $35,280,000 after purchasing an additional 25,398 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in EOG Resources during the fourth quarter worth approximately $2,830,000. William Blair Investment Management LLC lifted its stake in EOG Resources by 24.5% during the fourth quarter. William Blair Investment Management LLC now owns 535,465 shares of the energy exploration company’s stock worth $57,782,000 after purchasing an additional 105,426 shares during the last quarter. We Are One Seven LLC purchased a new stake in EOG Resources during the fourth quarter worth approximately $162,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in EOG Resources by 49.4% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 31,440 shares of the energy exploration company’s stock worth $3,393,000 after purchasing an additional 10,400 shares during the last quarter. 85.64% of the stock is owned by institutional investors and hedge funds.
In related news, President Gary L. Thomas sold 2,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now directly owns 59,917 shares in the company, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. Insiders have sold 59,322 shares of company stock valued at $6,700,092 in the last 90 days. Company insiders own 0.53% of the company’s stock.
Shares of EOG Resources Inc (NYSE EOG) opened at $104.29 on Friday. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $58,633.23, a P/E ratio of 23.38, a PEG ratio of 3.13 and a beta of 1.09.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.30. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion. research analysts forecast that EOG Resources Inc will post 4.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, April 13th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is 15.02%.
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About EOG Resources
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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