CIBC Asset Management Inc raised its stake in EOG Resources, Inc. (NYSE:EOG) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,335 shares of the energy exploration company’s stock after buying an additional 10,736 shares during the quarter. CIBC Asset Management Inc’s holdings in EOG Resources were worth $14,930,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in EOG. IHT Wealth Management LLC lifted its stake in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the period. Baker Ellis Asset Management LLC acquired a new position in EOG Resources in the third quarter valued at about $101,000. Winfield Associates Inc. lifted its stake in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares during the period. Exane Derivatives lifted its stake in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares during the period. Finally, First Personal Financial Services lifted its stake in EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 479 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock valued at $3,717,390 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
EOG has been the topic of several analyst reports. Barclays PLC reissued an “overweight” rating and issued a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Scotiabank reaffirmed a “hold” rating and set a $100.00 price target on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, BidaskClub lowered EOG Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $108.79.
EOG Resources, Inc. (NYSE:EOG) traded down $0.12 during mid-day trading on Tuesday, reaching $104.46. The company’s stock had a trading volume of 1,822,900 shares, compared to its average volume of 3,131,526. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources, Inc. has a 12-month low of $81.99 and a 12-month high of $109.37. The company has a market capitalization of $60,470.16, a P/E ratio of 255.07, a price-to-earnings-growth ratio of 14.97 and a beta of 0.99.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the company posted ($0.40) EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. equities analysts forecast that EOG Resources, Inc. will post 0.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.64%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
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About EOG Resources
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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