Envestnet Asset Management Inc. lowered its holdings in EOG Resources Inc (NYSE:EOG) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,946 shares of the energy exploration company’s stock after selling 25,825 shares during the quarter. Envestnet Asset Management Inc.’s holdings in EOG Resources were worth $21,144,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. CNB Bank acquired a new position in shares of EOG Resources during the fourth quarter valued at $313,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of EOG Resources by 8.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 326,939 shares of the energy exploration company’s stock valued at $35,280,000 after acquiring an additional 25,398 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of EOG Resources during the fourth quarter valued at $2,830,000. William Blair Investment Management LLC lifted its stake in shares of EOG Resources by 24.5% during the fourth quarter. William Blair Investment Management LLC now owns 535,465 shares of the energy exploration company’s stock valued at $57,782,000 after acquiring an additional 105,426 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at $162,000. 85.64% of the stock is currently owned by institutional investors.
Shares of EOG Resources stock opened at $105.86 on Friday. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The stock has a market capitalization of $61,254.41, a PE ratio of 95.37, a price-to-earnings-growth ratio of 3.29 and a beta of 1.09. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a $0.185 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s dividend payout ratio is 15.02%.
Several brokerages have recently issued reports on EOG. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday. Piper Jaffray Companies set a $122.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, March 14th. Jefferies Group set a $111.00 price target on EOG Resources and gave the company a “hold” rating in a research note on Thursday, March 8th. UBS began coverage on EOG Resources in a research note on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Sanford C. Bernstein cut their price target on EOG Resources from $143.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $119.04.
In other EOG Resources news, President Gary L. Thomas sold 40,000 shares of the stock in a transaction dated 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 directly owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of the stock in a transaction dated Friday, December 29th. The stock was 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. Insiders sold 59,322 shares of company stock valued at $6,700,092 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
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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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