Two Sigma Investments LP increased its stake in EOG Resources Inc (NYSE:EOG) by 219.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 448,942 shares of the energy exploration company’s stock after purchasing an additional 308,440 shares during the quarter. Two Sigma Investments LP’s holdings in EOG Resources were worth $39,152,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in EOG Resources by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after purchasing an additional 268,736 shares during the period. Vanguard Group Inc raised its holdings in EOG Resources by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after purchasing an additional 268,736 shares during the period. BlackRock Inc. raised its holdings in EOG Resources by 1.0% in the 4th quarter. BlackRock Inc. now owns 34,877,905 shares of the energy exploration company’s stock worth $3,041,702,000 after purchasing an additional 361,848 shares during the period. FMR LLC raised its holdings in EOG Resources by 4.1% in the 3rd quarter. FMR LLC now owns 26,769,668 shares of the energy exploration company’s stock worth $3,415,007,000 after purchasing an additional 1,059,509 shares during the period. Finally, Capital International Investors raised its holdings in EOG Resources by 340.9% in the 3rd quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock worth $2,590,507,000 after purchasing an additional 15,701,069 shares during the period. 86.75% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $126.00 target price on shares of EOG Resources in a report on Friday, February 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $133.00 target price on shares of EOG Resources in a report on Monday, December 3rd. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. MKM Partners assumed coverage on EOG Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $133.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $106.00 target price on shares of EOG Resources in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus price target of $123.68.
EOG stock traded up $0.68 during trading on Tuesday, reaching $92.60. The company’s stock had a trading volume of 14,425 shares, compared to its average volume of 5,069,333. EOG Resources Inc has a 1 year low of $82.04 and a 1 year high of $133.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. The firm has a market capitalization of $53.32 billion, a PE ratio of 16.70, a PEG ratio of 1.35 and a beta of 1.26.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was up 36.9% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources Inc will post 4.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. EOG Resources’s payout ratio is 15.88%.
In other news, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the transaction, the director now owns 116,586 shares in the company, valued at $10,795,863.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the transaction, the executive vice president now owns 45,424 shares of the company’s stock, valued at approximately $4,486,528.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,834 shares of company stock valued at $640,668. Company insiders own 0.51% of the company’s stock.
EOG Resources Company Profile
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.
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