Broderick Brian C increased its stake in shares of EOG Resources Inc (NYSE:EOG) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,691 shares of the energy exploration company’s stock after buying an additional 4,836 shares during the quarter. Broderick Brian C’s holdings in EOG Resources were worth $2,946,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EOG. Knuff & Co LLC bought a new stake in EOG Resources during the second quarter worth $28,000. Quest Capital Management Inc. ADV bought a new stake in EOG Resources during the third quarter worth $28,000. Truvestments Capital LLC bought a new stake in EOG Resources during the second quarter worth $33,000. Tortoise Investment Management LLC bought a new stake in EOG Resources during the second quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in EOG Resources during the second quarter worth $37,000. Institutional investors and hedge funds own 86.33% of the company’s stock.
Shares of NYSE EOG opened at $71.42 on Thursday. EOG Resources Inc has a one year low of $64.33 and a one year high of $110.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The business’s fifty day moving average price is $72.08 and its 200-day moving average price is $82.63. The stock has a market capitalization of $42.79 billion, a PE ratio of 13.42, a P/E/G ratio of 1.73 and a beta of 1.34.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.11). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the company earned $1.75 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts expect that EOG Resources Inc will post 4.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.61%. EOG Resources’s dividend payout ratio is presently 20.76%.
EOG has been the subject of a number of recent analyst reports. Wells Fargo & Co upped their price objective on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Guggenheim set a $108.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, August 21st. FinnCap restated a “corporate” rating on shares of EOG Resources in a research note on Tuesday, October 29th. KeyCorp reduced their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Finally, ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $108.00.
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 People's Republic of China, and Canada.
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