Actinver Wealth Management Inc. acquired a new stake in shares of EOG Resources Inc (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,796 shares of the energy exploration company’s stock, valued at approximately $434,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Athena Capital Advisors LLC acquired a new stake in EOG Resources in the fourth quarter worth about $46,000. Legacy Financial Advisors Inc. lifted its holdings in shares of EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after purchasing an additional 287 shares during the period. Proficio Capital Partners LLC raised its position in EOG Resources by 30.8% during the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after acquiring an additional 133 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at approximately $52,000. Finally, Cornerstone Advisors Inc. increased its position in shares of EOG Resources by 41.2% in the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after buying an additional 143 shares in the last quarter. 87.89% of the stock is owned by institutional investors and hedge funds.
EOG has been the subject of several research reports. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research note on Friday, January 4th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a research note on Wednesday, January 9th. Finally, Raymond James set a $124.00 price objective on EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $123.00.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. 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 revenue was up 36.9% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources Inc will post 4.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. EOG Resources’s payout ratio is currently 15.88%.
In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the transaction, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.
About EOG Resources
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.
Further Reading: Asset Allocation, Balancing Your Investments
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.