Ladenburg Thalmann Financial Services Inc. boosted its stake in EOG Resources Inc (NYSE:EOG) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,211 shares of the energy exploration company’s stock after buying an additional 423 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in EOG Resources were worth $2,546,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its position in EOG Resources by 14.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 56,652 shares of the energy exploration company’s stock valued at $6,113,000 after buying an additional 6,991 shares in the last quarter. RiverPoint Capital Management LLC grew its position in EOG Resources by 0.6% in the 4th quarter. RiverPoint Capital Management LLC now owns 151,799 shares of the energy exploration company’s stock valued at $16,381,000 after buying an additional 920 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in EOG Resources in the 4th quarter valued at about $220,000. Providence Capital Advisors LLC grew its position in EOG Resources by 4.6% in the 1st quarter. Providence Capital Advisors LLC now owns 18,818 shares of the energy exploration company’s stock valued at $1,981,000 after buying an additional 824 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in EOG Resources in the 4th quarter valued at about $4,928,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Shares of EOG Resources opened at $118.51 on Friday, according to Marketbeat Ratings. EOG Resources Inc has a one year low of $81.99 and a one year high of $128.03. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 54.23, a PEG ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, July 16th. EOG Resources’s payout ratio is 66.07%.
A number of brokerages recently issued reports on EOG. Robert W. Baird increased their target price on shares of EOG Resources from $145.00 to $157.00 and gave the company an “outperform” rating in a research report on Tuesday. Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Bank of America upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, May 10th. ValuEngine upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.24.
In other EOG Resources news, SVP Ann D. Janssen sold 4,816 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $117.97, for a total value of $568,143.52. Following the completion of the transaction, the senior vice president now directly owns 56,476 shares in the company, valued at $6,662,473.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank G. Wisner sold 890 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the sale, the director now directly owns 118,700 shares of the company’s stock, valued at $13,746,647. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,339 shares of company stock valued at $15,032,666. Corporate insiders own 0.51% of the company’s stock.
EOG Resources 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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