EOG Resources, Inc. (EOG) Shares Bought by Amundi Pioneer Asset Management Inc.
Amundi Pioneer Asset Management Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 43.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,006,886 shares of the energy exploration company’s stock after buying an additional 1,206,576 shares during the period. EOG Resources comprises approximately 1.2% of Amundi Pioneer Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Amundi Pioneer Asset Management Inc. owned approximately 0.69% of EOG Resources worth $387,626,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in EOG. Baker Ellis Asset Management LLC bought a new stake in EOG Resources in the third quarter valued at approximately $101,000. Winfield Associates Inc. grew its position in shares of EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares during the last quarter. First Personal Financial Services grew its position in shares of EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after purchasing an additional 479 shares during the last quarter. Fis Group Inc. acquired a new position in shares of EOG Resources in the third quarter valued at approximately $130,000. Finally, Independent Portfolio Consultants Inc. grew its position in shares of EOG Resources by 80.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,541 shares of the energy exploration company’s stock valued at $139,000 after purchasing an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) opened at $101.66 on Monday. The stock has a market capitalization of $58,780.00, a P/E ratio of 247.95, a P/E/G ratio of 13.61 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 quick ratio of 1.11 and a current ratio of 1.27.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for 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 quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.40) earnings per share. analysts forecast that EOG Resources, Inc. will post 0.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In related news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The sale 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 the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock worth $3,717,390 in the last three months. 0.53% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $101.00 target price on shares of EOG Resources in a research report on Wednesday, August 16th. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $107.00 target price on EOG Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Barclays PLC upped their target price on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $106.00 target price on shares of EOG Resources in a research report on Wednesday, November 22nd. Two 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 currently has a consensus rating of “Buy” and a consensus target price of $109.42.
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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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