Several hedge funds have recently adjusted their positions in EOG Resources. CIBC Private Wealth Group increased its stake by 3.4%, now owning 38,869 shares valued at $4.7 million. Lake Street Advisors bought in with a stake worth about $210,000. Crossmark Global Holdings raised its holdings by 0.8%, totaling 28,500 shares valued at $3.4 million. Cetera Advisor Networks significantly boosted theirs by 17.4% to 51,222 shares worth $6.2 million. 1832 Asset Management also increased their stake by 3.5% to 73,462 shares valued at $8.9 million. Overall, institutional investors own 89.91% of the company’s stock.
EOG Resources Price Performance
EOG opened at $130.79 recently. The company has a current ratio of 2.12, a quick ratio of 1.89, and a low debt-to-equity ratio of 0.11. Its 1-year low is $108.94 and high is $139.67. The stock has a market cap of $75.17 billion with a price-to-earnings ratio of 10.33.
EOG last reported quarterly earnings on August 1st, with $3.16 EPS, exceeding estimates of $2.98. Revenue was $6.03 billion, slightly under expectations. Analysts anticipate a total of 11.91 EPS for the current fiscal year.
EOG Resources Dividend Announcement
The company will pay a quarterly dividend of $0.91 on October 31st to shareholders recorded by October 17th. This gives an annualized dividend of $3.64, with a yield of 2.78%.
Wall Street Analysts Forecast Growth
Several analysts have adjusted their price targets for EOG. Barclays lowered theirs to $137, while Scotiabank set theirs at $150. UBS Group and Wells Fargo also cut their targets. The consensus rating is “Hold” with a target price of $142.15.
Insider Transactions at EOG Resources
Recently, COO Jeffrey R. Leitzell sold 4,000 shares at an average price of $126.48. After the sale, he holds 35,058 shares valued at about $4.43 million. Director Charles R. Crisp sold 6,500 shares at $125.60. Insiders have sold a total of 21,537 shares worth approximately $2.75 million recently.
About EOG Resources
EOG Resources, Inc. explores and produces crude oil and natural gas in the U.S. and abroad. The company was previously known as Enron Oil & Gas Company.
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