Toronto Dominion Bank grew its holdings in shares of EOG Resources Inc (NYSE:EOG) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 251,719 shares of the energy exploration company’s stock after purchasing an additional 9,840 shares during the period. Toronto Dominion Bank’s holdings in EOG Resources were worth $27,162,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Amundi Pioneer Asset Management Inc. lifted its holdings in EOG Resources by 43.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after buying an additional 1,206,576 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of EOG Resources by 21.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after purchasing an additional 1,118,898 shares during the last quarter. Northside Capital Management LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $82,404,000. Westfield Capital Management Co. LP purchased a new stake in shares of EOG Resources in the 3rd quarter valued at about $64,975,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of EOG Resources in the 3rd quarter valued at about $64,133,000. 85.44% of the stock is owned by institutional investors.
EOG Resources Inc (NYSE:EOG) opened at $102.75 on Wednesday. The stock has a market capitalization of $59,250.00, a PE ratio of 10,247.00, a P/E/G ratio of 3.18 and a beta of 1.01. EOG Resources Inc has a 52-week low of $81.99 and a 52-week high of $119.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s payout ratio is 6,700.00%.
In other EOG Resources news, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the transaction, the executive vice president now owns 75,118 shares in the company, valued at approximately $7,962,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now owns 59,917 shares in the company, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock worth $7,820,085 in the last quarter. 0.53% of the stock is currently owned by insiders.
Several research firms have recently weighed in on EOG. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 target price on EOG Resources and gave the company a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 target price on EOG Resources and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Monday, January 15th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $116.64.
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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