EOG Resources Inc (EOG) Shares Bought by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd raised its holdings in EOG Resources Inc (NYSE:EOG) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,425 shares of the energy exploration company’s stock after purchasing an additional 1,733 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in EOG Resources were worth $3,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of EOG Resources by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after acquiring an additional 268,736 shares in the last quarter. Vanguard Group Inc lifted its position in shares of EOG Resources by 0.6% in the third quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after acquiring an additional 268,736 shares in the last quarter. FMR LLC lifted its position in shares of EOG Resources by 4.1% in the third quarter. FMR LLC now owns 26,769,668 shares of the energy exploration company’s stock valued at $3,415,007,000 after acquiring an additional 1,059,509 shares in the last quarter. Capital International Investors lifted its position in shares of EOG Resources by 340.9% in the third quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock valued at $2,590,507,000 after acquiring an additional 15,701,069 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of EOG Resources by 4.7% in the third quarter. Alliancebernstein L.P. now owns 5,332,917 shares of the energy exploration company’s stock valued at $680,320,000 after acquiring an additional 238,860 shares in the last quarter. 86.41% of the stock is currently owned by institutional investors.

In other news, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the sale, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

NYSE:EOG opened at $92.50 on Monday. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 82.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. EOG Resources’s dividend payout ratio is currently 78.57%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Tuesday, October 23rd. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Jefferies Financial Group restated a “hold” rating and issued a $105.00 target price on shares of EOG Resources in a research report on Wednesday, January 30th. BMO Capital Markets set a $115.00 target price on EOG Resources and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Morgan Stanley set a $106.00 target price on EOG Resources and gave the company a “hold” rating in a research report on Tuesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $131.04.

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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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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