Flagship Harbor Advisors LLC lifted its position in shares of EOG Resources Inc (NYSE:EOG) by 23.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,095 shares of the energy exploration company’s stock after acquiring an additional 400 shares during the period. Flagship Harbor Advisors LLC’s holdings in EOG Resources were worth $199,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in EOG Resources in the third quarter valued at approximately $236,000. Vident Investment Advisory LLC grew its holdings in EOG Resources by 9.9% in the third quarter. Vident Investment Advisory LLC now owns 7,419 shares of the energy exploration company’s stock valued at $946,000 after purchasing an additional 671 shares during the period. Verition Fund Management LLC purchased a new stake in EOG Resources in the third quarter valued at approximately $773,000. Thrivent Financial for Lutherans grew its holdings in EOG Resources by 2.3% in the third quarter. Thrivent Financial for Lutherans now owns 24,855 shares of the energy exploration company’s stock valued at $3,171,000 after purchasing an additional 549 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in EOG Resources by 83.4% in the third quarter. Mackenzie Financial Corp now owns 232,324 shares of the energy exploration company’s stock valued at $29,638,000 after purchasing an additional 105,650 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.
EOG has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Morgan Stanley set a $108.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Wednesday. KeyCorp lifted their price target on shares of EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Oppenheimer initiated coverage on shares of EOG Resources in a research report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, Raymond James set a $124.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and an average target price of $121.40.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. On average, research analysts expect that EOG Resources Inc will post 5.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, July 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a yield of 1.21%. EOG Resources’s dividend payout ratio is currently 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.
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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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