Bell Rock Capital LLC raised its stake in shares of EOG Resources Inc (NYSE:EOG) by 22.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,550 shares of the energy exploration company’s stock after purchasing an additional 1,550 shares during the period. Bell Rock Capital LLC’s holdings in EOG Resources were worth $815,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 268,736 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of 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 shares of 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. Capital International Investors raised its holdings in shares of 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. Finally, Northern Trust Corp raised its holdings in shares of EOG Resources by 2.5% in the 4th quarter. Northern Trust Corp now owns 7,867,393 shares of the energy exploration company’s stock worth $686,115,000 after purchasing an additional 194,831 shares during the period. Institutional investors and hedge funds own 87.89% of the company’s stock.
In related news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.
NYSE EOG traded down $3.19 during trading on Monday, hitting $102.12. 5,348,857 shares of the company’s stock traded hands, compared to its average volume of 4,084,792. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. EOG Resources Inc has a 12-month low of $82.04 and a 12-month high of $133.53. The firm has a market cap of $57.27 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.39 and a beta of 1.26.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities analysts expect that EOG Resources Inc will post 4.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 15.88%.
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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 People's Republic of China, and Canada.
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