EOG Resources, Inc. (EOG) Holdings Lifted by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,292 shares of the energy exploration company’s stock after buying an additional 830 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in EOG Resources were worth $4,962,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in EOG Resources by 14.7% during the 2nd 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 buying an additional 5,368,941 shares in the last quarter. Vanguard Group Inc. grew its holdings in EOG Resources by 2.6% during 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 buying an additional 1,058,276 shares in the last quarter. Capital World Investors grew its holdings in EOG Resources by 9.9% during 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 buying an additional 1,568,085 shares in the last quarter. Northern Trust Corp grew its holdings in EOG Resources by 8.7% during 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 buying an additional 638,183 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in EOG Resources by 8.0% during 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 buying an additional 511,099 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
In related news, insider Gary L. Thomas sold 25,000 shares of the company’s 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 transaction, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were 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 of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is owned by corporate insiders.
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Shares of EOG Resources, Inc. (EOG) traded down $0.20 during trading on Tuesday, hitting $101.44. The company had a trading volume of 1,659,700 shares, compared to its average volume of 3,115,510. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market capitalization of $58,650.00, a P/E ratio of 247.90, a PEG ratio of 14.55 and a beta of 0.99. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last announced its earnings results 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. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) earnings per share. equities analysts predict that EOG Resources, Inc. will post 0.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued 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 is presently 6,700.00%.
Several research analysts have recently commented on EOG shares. Barclays PLC boosted their price objective on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Friday. 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 report on Tuesday, November 7th. 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 report on Tuesday, November 7th. Finally, Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $108.92.
EOG Resources 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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