EOG Resources, Inc. (EOG) Holdings Boosted by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,126 shares of the energy exploration company’s stock after purchasing an additional 909 shares during the period. Greystone Managed Investments Inc.’s holdings in EOG Resources were worth $7,461,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Capital Research Global Investors raised its stake in EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Vanguard Group Inc. raised its stake in shares of EOG Resources by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. Capital World Investors raised its stake in shares of EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the period. Northern Trust Corp raised its stake in shares of EOG Resources by 8.7% in the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after acquiring an additional 638,183 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of EOG Resources by 8.0% in the 2nd quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after acquiring an additional 511,099 shares during the period. 84.70% of the stock is currently owned by institutional investors.
EOG Resources, Inc. (NYSE:EOG) traded down $0.20 during midday trading on Tuesday, hitting $101.44. 1,659,700 shares of the stock traded hands, compared to its average volume of 3,115,510. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year 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. The firm has a market cap of $58,650.00, a price-to-earnings ratio of 247.90, a PEG ratio of 14.55 and a beta of 0.99.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $2.59 billion. During the same period in the previous year, the business posted ($0.40) EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. equities research analysts expect that EOG Resources, Inc. will post 0.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
A number of brokerages have recently commented on EOG. Barclays PLC raised their target price on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday. Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday. Jefferies Group LLC raised their target price on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada raised their target price on shares of EOG Resources from $107.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $108.92.
In other news, insider Gary L. Thomas sold 25,000 shares of EOG Resources 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 directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of 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 a total of 153,692 shares of company stock valued at $3,717,390 over the last ninety days. Company insiders own 0.53% of the company’s stock.
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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