Tdam USA Inc. Lowers Position in EOG Resources, Inc. (EOG)
Tdam USA Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 19.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,267 shares of the energy exploration company’s stock after selling 1,027 shares during the period. Tdam USA Inc.’s holdings in EOG Resources were worth $413,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $101,000. Winfield Associates Inc. lifted its holdings in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares during the period. First Personal Financial Services lifted its holdings in EOG Resources by 53.6% during the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after buying an additional 479 shares during the period. Fis Group Inc. purchased a new stake in EOG Resources during the third quarter worth $130,000. Finally, Independent Portfolio Consultants Inc. lifted its holdings in EOG Resources by 80.9% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,541 shares of the energy exploration company’s stock worth $139,000 after buying an additional 689 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.
In related news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now directly owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The transaction was disclosed in a legal 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 on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the sale, the executive vice president now directly owns 80,415 shares in the company, valued at $8,576,259.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is owned by insiders.
EOG Resources, Inc. (NYSE EOG) opened at $101.66 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources, Inc. has a 12-month low of $81.99 and a 12-month high of $109.37. The stock has a market capitalization of $58,780.00, a price-to-earnings ratio of 247.95, a P/E/G ratio of 13.61 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 consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned ($0.40) EPS. The firm’s revenue was up 24.8% on a year-over-year basis. research analysts predict that EOG Resources, Inc. will post 0.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is 6,700.00%.
EOG has been the subject of a number of analyst reports. BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of EOG Resources in a report on Friday, August 4th. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $109.42.
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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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