Verition Fund Management LLC bought a new stake in EOG Resources Inc (NYSE:EOG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,939 shares of the energy exploration company’s stock, valued at approximately $425,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dowling & Yahnke LLC grew its position in EOG Resources by 2.0% in the 4th quarter. Dowling & Yahnke LLC now owns 24,481 shares of the energy exploration company’s stock valued at $2,642,000 after acquiring an additional 485 shares in the last quarter. Cue Financial Group Inc. grew its position in EOG Resources by 3.7% in the 4th quarter. Cue Financial Group Inc. now owns 13,590 shares of the energy exploration company’s stock valued at $1,466,000 after acquiring an additional 490 shares in the last quarter. SevenBridge Financial Group LLC grew its position in EOG Resources by 21.9% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,751 shares of the energy exploration company’s stock valued at $266,000 after acquiring an additional 495 shares in the last quarter. Whalerock Point Partners LLC grew its position in EOG Resources by 5.2% in the 4th quarter. Whalerock Point Partners LLC now owns 10,248 shares of the energy exploration company’s stock valued at $1,106,000 after acquiring an additional 502 shares in the last quarter. Finally, Synovus Financial Corp grew its position in EOG Resources by 1.2% in the 3rd quarter. Synovus Financial Corp now owns 41,519 shares of the energy exploration company’s stock valued at $4,023,000 after acquiring an additional 506 shares in the last quarter. 85.64% of the stock is owned by institutional investors.
EOG stock opened at $105.86 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $60,345.99, a P/E ratio of 23.74, a P/E/G ratio of 3.24 and a beta of 1.09. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders 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 yield of 0.70%. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s payout ratio is currently 15.02%.
In other EOG Resources news, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the completion of the sale, the president now owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $107.95, for a total value of $215,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,322 shares of company stock valued at $6,700,092. 0.53% of the stock is owned by company insiders.
Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a research report on Thursday, January 11th. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus set a $134.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Sunday, February 11th. Finally, Robert W. Baird lowered their price objective on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $119.04.
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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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