Global X Management Co. LLC trimmed its holdings in EOG Resources Inc (NYSE:EOG) by 19.4% in the fourth quarter, Holdings Channel reports. The fund owned 8,799 shares of the energy exploration company’s stock after selling 2,117 shares during the period. Global X Management Co. LLC’s holdings in EOG Resources were worth $950,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in EOG. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after buying an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in EOG Resources during the 4th quarter valued at $123,000. Cerebellum GP LLC bought a new stake in EOG Resources during the 4th quarter valued at $125,000. Fis Group Inc. bought a new stake in EOG Resources during the 3rd quarter valued at $130,000. Finally, Quantbot Technologies LP bought a new stake in EOG Resources during the 3rd quarter valued at $153,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.
A number of equities research analysts recently commented on EOG shares. Royal Bank of Canada upped their price target on shares of EOG Resources from $107.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Jefferies Group upped their price target on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Friday, November 17th. Barclays upped their price target on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a report on Wednesday, November 22nd. 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 company’s stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $116.64.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
In other news, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value of $1,750,691.72. Following the sale, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gary L. Thomas sold 40,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the sale, the president now directly owns 1,006,461 shares in the company, valued at $113,669,705.34. The disclosure for this sale can be found here. Insiders sold a total of 69,934 shares of company stock worth $7,820,085 over the last ninety days. Insiders own 0.53% of the company’s stock.
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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