LGT Capital Partners LTD. lessened its holdings in EOG Resources Inc (NYSE:EOG) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,150 shares of the energy exploration company’s stock after selling 10,560 shares during the period. LGT Capital Partners LTD.’s holdings in EOG Resources were worth $14,152,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of EOG. Schroder Investment Management Group raised its position in shares of EOG Resources by 13.2% in the second quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock worth $1,090,000 after buying an additional 1,415 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of EOG Resources in the second quarter worth $445,000. HPM Partners LLC raised its position in shares of EOG Resources by 32.0% in the second quarter. HPM Partners LLC now owns 23,018 shares of the energy exploration company’s stock worth $2,084,000 after buying an additional 5,578 shares in the last quarter. Aberdeen Asset Management PLC UK raised its position in EOG Resources by 4.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 5,022,672 shares of the energy exploration company’s stock valued at $454,652,000 after purchasing an additional 234,254 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in EOG Resources by 8.0% during the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after purchasing an additional 511,099 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.
EOG Resources Inc (EOG) traded up $0.30 on Thursday, hitting $112.01. The stock had a trading volume of 4,751,400 shares, compared to its average volume of 2,563,428. The stock has a market capitalization of $66,530.00, a P/E ratio of 11,201.00, a P/E/G ratio of 5.11 and a beta of 0.98. 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 1 year low of $81.99 and a 1 year high of $113.75.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.60%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
A number of equities research analysts have weighed in on the company. Imperial Capital restated an “outperform” rating and set a $120.00 price target (up previously from $115.00) on shares of EOG Resources in a research report on Monday. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Piper Jaffray Companies restated a “buy” rating and set a $118.00 price target on shares of EOG Resources in a research report on Tuesday. Finally, BMO Capital Markets set a $105.00 price target on EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $113.75.
In other news, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the transaction, the president now owns 1,046,430 shares in the company, valued at $112,962,118.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,726 shares of company stock worth $1,921,181. Company insiders own 0.53% of the company’s stock.
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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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