RiverPark Advisors LLC lifted its stake in shares of EOG Resources Inc (NYSE:EOG) by 96.8% during the 4th quarter, Holdings Channel reports. The firm owned 30,696 shares of the energy exploration company’s stock after purchasing an additional 15,096 shares during the quarter. RiverPark Advisors LLC’s holdings in EOG Resources were worth $3,312,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Morgens Waterfall Vintiadis & Co. Inc. purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $540,000. Ellington Management Group LLC raised its position in shares of EOG Resources by 124.2% during the 4th quarter. Ellington Management Group LLC now owns 7,400 shares of the energy exploration company’s stock valued at $799,000 after buying an additional 4,100 shares during the period. Teachers Insurance & Annuity Association of America purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $624,000. HPM Partners LLC raised its position in shares of EOG Resources by 2.2% during the 4th quarter. HPM Partners LLC now owns 30,588 shares of the energy exploration company’s stock valued at $3,301,000 after buying an additional 665 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of EOG Resources by 106.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.
Shares of EOG Resources Inc (EOG) opened at $102.80 on Monday. EOG Resources Inc has a 12-month low of $81.99 and a 12-month high of $119.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market capitalization of $59,483.82, a price-to-earnings ratio of 92.61, a PEG ratio of 3.27 and a beta of 1.09.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s payout ratio is presently 15.02%.
EOG has been the topic of several analyst reports. Argus lifted their price target on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Citigroup raised shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, January 3rd. Jefferies Group set a $101.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $118.88.
In related news, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the transaction, the executive vice president now owns 59,917 shares in the company, valued at $6,846,116.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,934 shares of company stock valued at $7,820,085. Insiders own 0.53% of the company’s stock.
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About EOG Resources
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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