Oppenheimer & Co. Inc. Increases Position in EOG Resources, Inc. (EOG)
Oppenheimer & Co. Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,228 shares of the energy exploration company’s stock after purchasing an additional 1,730 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in EOG Resources were worth $14,049,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in EOG. IHT Wealth Management LLC grew its holdings in EOG Resources by 4.1% during the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in EOG Resources during the 3rd quarter worth approximately $101,000. Winfield Associates Inc. grew its holdings in EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the last quarter. First Personal Financial Services grew its holdings in EOG Resources by 53.6% during the 2nd quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after acquiring an additional 479 shares during the last quarter. Finally, Fis Group Inc. bought a new stake in EOG Resources during the 3rd quarter worth approximately $130,000. 84.70% of the stock is currently owned by institutional investors.
EOG Resources, Inc. (NYSE EOG) traded down $0.07 during trading hours on Thursday, hitting $101.59. 2,654,800 shares of the stock were exchanged, compared to its average volume of 3,117,644. 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, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company has a market cap of $58,700.00, a price-to-earnings ratio of 247.95, a P/E/G ratio of 14.20 and a beta of 0.99.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company earned ($0.40) EPS. EOG Resources’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts expect that EOG Resources, Inc. will post 0.8 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a $0.1675 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
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In other news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on EOG shares. Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Barclays PLC boosted their target price on shares of EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets set a $105.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co boosted their target price on shares of EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $108.92.
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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