Ellington Management Group LLC increased its position in shares of EOG Resources Inc (NYSE:EOG) by 124.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,400 shares of the energy exploration company’s stock after acquiring an additional 4,100 shares during the quarter. Ellington Management Group LLC’s holdings in EOG Resources were worth $799,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after acquiring an additional 712 shares in the last quarter. Clearbridge Investments LLC raised its stake 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 worth $119,000 after acquiring an additional 568 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $123,000. Cerebellum GP LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $125,000. Finally, Quantbot Technologies LP bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $153,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.
In related news, EVP Michael P. Donaldson sold 15,322 shares of the 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 sale, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary L. Thomas sold 40,000 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the sale, the president now directly owns 1,006,461 shares in the company, valued at $113,669,705.34. The disclosure for this sale can be found here. Insiders sold 69,934 shares of company stock worth $7,820,085 in the last quarter. Company insiders own 0.53% of the company’s stock.
Shares of EOG Resources Inc (EOG) opened at $100.65 on Tuesday. The firm has a market cap of $59,483.82, a price-to-earnings ratio of 22.57, a PEG ratio of 3.27 and a beta of 1.09. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.30. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.03 billion. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. research analysts forecast that EOG Resources Inc will post 4.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a $0.185 dividend. 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 0.74%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is presently 15.02%.
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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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