Marshall Wace LLP acquired a new stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) during the third quarter, Holdings Channel reports. The fund acquired 16,128 shares of the energy exploration company’s stock, valued at approximately $1,294,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FORA Capital LLC acquired a new position in EOG Resources in the second quarter valued at approximately $26,000. First National Bank of South Miami acquired a new position in EOG Resources in the third quarter valued at approximately $26,000. Kessler Investment Group LLC acquired a new position in EOG Resources during the third quarter worth $28,000. Webster Bank N. A. lifted its stake in EOG Resources by 268.0% during the third quarter. Webster Bank N. A. now owns 357 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in EOG Resources by 66.1% during the third quarter. Global Retirement Partners LLC now owns 392 shares of the energy exploration company’s stock worth $31,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Shares of EOG opened at $107.28 on Friday. The stock has a market cap of $62.77 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 0.47 and a beta of 1.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.11 and a quick ratio of 1.96. EOG Resources, Inc. has a 1-year low of $62.81 and a 1-year high of $116.97. The firm has a 50 day simple moving average of $103.26 and a 200-day simple moving average of $89.53.
EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The energy exploration company reported $3.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.23 by ($0.14). The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.56 billion. EOG Resources had a net margin of 19.38% and a return on equity of 17.36%. The firm’s revenue for the quarter was up 103.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 8.72 earnings per share for the current fiscal year.
EOG Resources announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 4th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to buy up to 9.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Friday, April 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $3.00 annualized dividend and a dividend yield of 2.80%. EOG Resources’s payout ratio is 58.03%.
In other EOG Resources news, CFO Timothy K. Driggers sold 3,925 shares of the business’s stock in a transaction on Thursday, January 6th. The shares were sold at an average price of $95.79, for a total value of $375,975.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.
A number of research firms have commented on EOG. Argus upped their price target on EOG Resources from $95.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, November 15th. Zacks Investment Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating and set a $93.00 price objective on the stock. in a research report on Tuesday, December 7th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley dropped their target price on EOG Resources from $122.00 to $121.00 and set an “equal weight” rating on the stock in a report on Monday, December 13th. Finally, Wells Fargo & Company increased their target price on EOG Resources from $97.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, November 19th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $105.64.
EOG Resources Company Profile (Get Rating)
EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.
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