Adams Natural Resources Fund Inc. lessened its holdings in EOG Resources Inc (NYSE:EOG) by 5.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179,700 shares of the energy exploration company’s stock after selling 10,400 shares during the period. EOG Resources comprises approximately 2.9% of Adams Natural Resources Fund Inc.’s holdings, making the stock its 8th biggest position. Adams Natural Resources Fund Inc.’s holdings in EOG Resources were worth $19,391,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Chicago Partners Investment Group LLC lifted its stake in shares of EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $123,000. Cerebellum GP LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $125,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $153,000. Finally, Zions Bancorporation lifted its stake in shares of EOG Resources by 5,268.6% in the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock worth $182,000 after purchasing an additional 1,844 shares during the period. Hedge funds and other institutional investors own 84.55% of the company’s stock.
In related news, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Gary L. Thomas sold 40,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.185 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
EOG has been the topic of several recent research reports. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Monday, January 15th. Credit Suisse Group initiated coverage on shares of EOG Resources in a research note on Monday, December 11th. They set a “neutral” rating and a $106.00 target price on the stock. Robert W. Baird decreased their target price on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Citigroup upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Wednesday, January 3rd. Finally, Argus raised their target price on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.64.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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