Several hedge funds have recently changed their investments in EOG Resources. CIBC Private Wealth Group LLC increased its stake by 3.4% in the last quarter, now owning 38,869 shares valued at $4.7 million. Lake Street Advisors Group LLC bought a new stake worth about $210,000. Crossmark Global Holdings Inc. raised its holdings by 0.8%, owning 28,500 shares valued at $3.4 million. Cetera Advisor Networks LLC grew its position by 17.4%, holding 51,222 shares worth $6.2 million. 1832 Asset Management L.P. increased its holdings by 3.5% to own 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 on Friday. Its current ratio is 2.12, quick ratio is 1.89, and debt-to-equity ratio is 0.11. It has a 1-year low of $108.94 and a high of $139.67. The stock’s market cap is $75.17 billion, with a P/E ratio of 10.33 and a beta of 1.28.
EOG reported quarterly earnings on August 1st, showing $3.16 EPS, beating estimates of $2.98. Revenue was $6.03 billion, slightly below the estimated $6.07 billion, but up 8.1% year-over-year. Analysts predict an EPS of 11.91 for the current year.
EOG Resources Dividend Announcement
The company announced a quarterly dividend of $0.91, to be paid on October 31st. Shareholders on record by October 17th will receive this, translating to a 2.78% yield. The dividend payout ratio is 28.75%.
Wall Street Analysts Forecast Growth
Analysts have recently updated their ratings for EOG. Barclays lowered its target price from $144 to $137; Scotiabank adjusted theirs from $155 to $150; and UBS cut theirs from $167 to $154 but maintained a buy rating. Overall, 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 $126.48 each, totaling $505,920, retaining 35,058 shares. Director Charles R. Crisp sold 6,500 shares at $125.60, amounting to $816,400, and currently holds 60,892 shares. Insiders sold a total of 21,537 shares worth $2.75 million in the last 90 days, owning 0.30% of the stock.
About EOG Resources
EOG Resources, Inc. explores and produces crude oil, natural gas liquids, and natural gas primarily in the U.S. and internationally. The company was formerly known as Enron Oil & Gas Company.
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