BTR Capital Management Inc. lifted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,920 shares of the energy exploration company’s stock after purchasing an additional 6,050 shares during the period. BTR Capital Management Inc.’s holdings in EOG Resources were worth $4,371,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group increased its holdings in EOG Resources by 56.3% during the 3rd quarter. Schroder Investment Management Group now owns 60,614 shares of the energy exploration company’s stock valued at $7,732,000 after acquiring an additional 21,839 shares in the last quarter. FDx Advisors Inc. increased its holdings in EOG Resources by 44.2% during the 3rd quarter. FDx Advisors Inc. now owns 4,156 shares of the energy exploration company’s stock valued at $530,000 after acquiring an additional 1,274 shares in the last quarter. Bridgeway Capital Management Inc. purchased a new position in EOG Resources during the 3rd quarter valued at about $202,000. GSA Capital Partners LLP purchased a new position in EOG Resources during the 3rd quarter valued at about $236,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in EOG Resources by 75.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,018 shares of the energy exploration company’s stock valued at $3,444,000 after acquiring an additional 11,635 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.
A number of brokerages have recently commented on EOG. Guggenheim reiterated a “buy” rating and set a $126.00 price target on shares of EOG Resources in a report on Friday, February 22nd. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a report on Friday, January 4th. MKM Partners lowered their price target on shares of EOG Resources from $121.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, February 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a report on Wednesday, January 9th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $122.46.
EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. EOG Resources’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, sell-side analysts expect that EOG Resources Inc will post 5.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 yield of 0.90%. EOG Resources’s dividend payout ratio (DPR) is 15.88%.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a filing with the SEC, which is available at this link. 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.
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