Cribstone Capital Management LLC decreased its position in shares of EOG Resources Inc (NYSE:EOG) by 28.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 666 shares of the energy exploration company’s stock after selling 266 shares during the quarter. Cribstone Capital Management LLC’s holdings in EOG Resources were worth $63,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its holdings in EOG Resources by 7.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock worth $8,333,000 after acquiring an additional 6,689 shares during the last quarter. American International Group Inc. boosted its holdings in EOG Resources by 5.7% during the 4th quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock worth $21,303,000 after acquiring an additional 13,180 shares during the last quarter. PFG Advisors purchased a new position in EOG Resources during the 4th quarter worth $1,274,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in EOG Resources by 41.9% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 62,964 shares of the energy exploration company’s stock worth $5,606,000 after acquiring an additional 18,584 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in EOG Resources during the 1st quarter worth $4,599,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.
A number of research firms have recently commented on EOG. KeyCorp lifted their target price on EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Tudor Pickering upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Citigroup initiated coverage on EOG Resources in a research note on Tuesday, April 9th. They set a “buy” rating on the stock. Guggenheim restated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Friday, February 22nd. Finally, Robert W. Baird restated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus target price of $122.46.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. EOG Resources’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Sell-side analysts anticipate that EOG Resources Inc will post 5.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a yield of 1.27%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is currently 15.88%.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the sale, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.
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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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