Martingale Asset Management L P trimmed its position in EOG Resources Inc (NYSE:EOG) by 62.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,427 shares of the energy exploration company’s stock after selling 4,100 shares during the period. Martingale Asset Management L P’s holdings in EOG Resources were worth $212,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its holdings in EOG Resources by 54.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 93,883 shares of the energy exploration company’s stock worth $11,977,000 after purchasing an additional 32,912 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in EOG Resources during the 3rd quarter worth about $204,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of EOG Resources by 46.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,607 shares of the energy exploration company’s stock valued at $2,374,000 after acquiring an additional 5,941 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of EOG Resources in the 3rd quarter valued at about $844,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of EOG Resources by 22.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,643 shares of the energy exploration company’s stock valued at $6,332,000 after acquiring an additional 9,082 shares in the last quarter. Institutional investors own 86.96% of the company’s stock.
Shares of EOG Resources stock opened at $88.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. The stock has a market cap of $51.54 billion, a PE ratio of 16.04, a PEG ratio of 1.34 and a beta of 1.26. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
Several analysts have weighed in on the company. Barclays reaffirmed a “buy” rating and issued a $138.00 price target on shares of EOG Resources in a report on Wednesday. Wells Fargo & Co lowered their price target on EOG Resources from $116.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday. They noted that the move was a valuation call. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Argus set a $120.00 price target on EOG Resources and gave the company a “buy” rating in a report on Friday, March 1st. Finally, TD Securities lowered their price target on EOG Resources from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $123.68.
In other news, Director Frank G. Wisner sold 3,150 shares of the stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the transaction, the director now directly owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the transaction, the executive vice president now owns 45,424 shares in the company, valued at $4,486,528.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,834 shares of company stock worth $640,668 over the last quarter. Corporate insiders own 0.51% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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