Investec Asset Management LTD Has $42.15 Million Position in EOG Resources Inc (EOG)
Investec Asset Management LTD lessened its position in shares of EOG Resources Inc (NYSE:EOG) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,586 shares of the energy exploration company’s stock after selling 37,804 shares during the period. Investec Asset Management LTD’s holdings in EOG Resources were worth $42,148,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in EOG Resources during the fourth quarter valued at about $389,000. Lazard Asset Management LLC grew its position in EOG Resources by 16.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock valued at $315,223,000 after acquiring an additional 422,672 shares during the period. James Hambro & Partners purchased a new stake in EOG Resources during the fourth quarter valued at about $831,000. Reliance Trust Co. of Delaware purchased a new stake in EOG Resources during the fourth quarter valued at about $248,000. Finally, Venturi Wealth Management LLC purchased a new stake in EOG Resources during the fourth quarter valued at about $329,000. 84.55% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc (NYSE EOG) opened at $101.45 on Friday. EOG Resources Inc has a one year low of $81.99 and a one year high of $119.00. The stock has a market capitalization of $58,546.43, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 3.44 and a beta of 1.09. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.185 per share. The ex-dividend date is Friday, April 13th. This represents a $0.74 annualized dividend and a yield of 0.73%. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is presently 15.02%.
Several equities research analysts have recently weighed in on EOG shares. TheStreet raised EOG Resources from a “c” rating to a “b” rating in a research report on Tuesday. Argus upped their target price on EOG Resources to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Robert W. Baird set a $122.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 5th. 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. Finally, Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.84.
In other EOG Resources news, EVP Michael P. Donaldson sold 1,741 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now owns 75,118 shares in the company, valued at $7,962,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold 69,934 shares of company stock worth $7,820,085 in the last 90 days. 0.53% of the stock is currently owned by insiders.
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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