Honeywell International Inc. Trims Position in EOG Resources Inc (EOG)
Honeywell International Inc. lowered its position in shares of EOG Resources Inc (NYSE:EOG) by 14.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,800 shares of the energy exploration company’s stock after selling 20,200 shares during the period. Honeywell International Inc.’s holdings in EOG Resources were worth $14,658,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in EOG Resources by 0.6% during the 1st quarter. BlackRock Inc. now owns 35,115,040 shares of the energy exploration company’s stock worth $3,696,557,000 after buying an additional 204,958 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of EOG Resources by 1.7% in the 1st quarter. Neuberger Berman Group LLC now owns 6,296,404 shares of the energy exploration company’s stock valued at $662,822,000 after purchasing an additional 102,770 shares during the period. American Century Companies Inc. lifted its stake in shares of EOG Resources by 1.7% in the 1st quarter. American Century Companies Inc. now owns 4,327,336 shares of the energy exploration company’s stock valued at $455,539,000 after purchasing an additional 72,396 shares during the period. Royal Bank of Canada lifted its stake in shares of EOG Resources by 0.8% in the 1st quarter. Royal Bank of Canada now owns 4,262,600 shares of the energy exploration company’s stock valued at $448,722,000 after purchasing an additional 31,734 shares during the period. Finally, Eaton Vance Management lifted its stake in shares of EOG Resources by 11.8% in the 1st quarter. Eaton Vance Management now owns 3,239,350 shares of the energy exploration company’s stock valued at $341,006,000 after purchasing an additional 342,069 shares during the period. Institutional investors and hedge funds own 85.22% of the company’s stock.
Shares of EOG Resources stock opened at $114.77 on Monday. EOG Resources Inc has a one year low of $81.99 and a one year high of $131.60. The stock has a market capitalization of $71.11 billion, a P/E ratio of 102.47, a PEG ratio of 1.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, October 16th. EOG Resources’s payout ratio is presently 66.07%.
A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research note on Thursday. ValuEngine downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Cowen set a $125.00 price objective on EOG Resources and gave the company a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 price objective on the stock in a research note on Monday, July 9th. Finally, TD Securities assumed coverage on EOG Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $155.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $134.10.
In other EOG Resources news, Director Donald F. Textor sold 1,864 shares of the business’s stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $122.88, for a total transaction of $229,048.32. Following the completion of the sale, the director now directly owns 118,263 shares of the company’s stock, valued at approximately $14,532,157.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary L. Thomas sold 55,886 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $118.27, for a total value of $6,609,637.22. Following the sale, the president now directly owns 1,131,797 shares of the company’s stock, valued at $133,857,631.19. The disclosure for this sale can be found here. Insiders sold a total of 114,815 shares of company stock valued at $13,821,159 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
See Also: Google Finance Portfolio Workaround
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.