Jarislowsky Fraser Ltd trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 0.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 835,415 shares of the company’s stock after selling 2,010 shares during the period. Jarislowsky Fraser Ltd owned 0.14% of EOG Resources worth $80,818,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. WINTON GROUP Ltd grew its stake in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the company’s stock worth $802,000 after purchasing an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in EOG Resources in the third quarter worth about $4,649,000. Wendell David Associates Inc. grew its stake in EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the company’s stock worth $1,442,000 after purchasing an additional 600 shares in the last quarter. Usca Ria LLC grew its stake in EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the company’s stock worth $1,417,000 after purchasing an additional 10,939 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in EOG Resources by 4.8% in the second quarter. AlphaMark Advisors LLC now owns 41,163 shares of the company’s stock valued at $3,726,000 after acquiring an additional 1,895 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) traded down C$0.28 during mid-day trading on Monday, hitting C$104.30. 364,735 shares of the company traded hands, compared to its average volume of 3,137,529. 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 1-year low of C$81.99 and a 1-year high of C$109.37. The firm has a market cap of $60,470.16, a price-to-earnings ratio of 255.07, a PEG ratio of 14.97 and a beta of 0.99.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of C$2.64 billion during the quarter, compared to analyst estimates of C$2.59 billion. During the same quarter in the previous year, the business earned ($0.40) EPS. EOG Resources’s quarterly revenue was up 24.8% compared to the same quarter last year. sell-side analysts anticipate that EOG Resources, Inc. will post 0.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio is 6,700.00%.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of C$106.65, for a total transaction of C$332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately C$8,576,259.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of C$96.63, for a total transaction of C$2,415,750.00. Following the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately C$103,149,142.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,692 shares of company stock valued at $3,717,390. Company insiders own 0.53% of the company’s stock.
A number of equities analysts have commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $101.00 target price on shares of EOG Resources in a research note on Wednesday, August 16th. Zacks Investment Research downgraded EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Royal Bank Of Canada set a $107.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, BMO Capital Markets restated a “buy” rating and issued a $95.00 target price on shares of EOG Resources in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$108.79.
EOG Resources 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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