Wealthfront Advisers LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,517 shares of the energy exploration company's stock after selling 6,287 shares during the period. Wealthfront Advisers LLC's holdings in EOG Resources were worth $7,632,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of EOG. Bank Pictet & Cie Europe AG grew its holdings in shares of EOG Resources by 56.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after acquiring an additional 89,521 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $492,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of EOG Resources by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 45,423 shares of the energy exploration company's stock valued at $5,568,000 after acquiring an additional 726 shares in the last quarter. Cibc World Markets Corp grew its holdings in shares of EOG Resources by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 89,041 shares of the energy exploration company's stock valued at $10,915,000 after acquiring an additional 11,520 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of EOG Resources by 1.4% in the 4th quarter. Parallel Advisors LLC now owns 7,172 shares of the energy exploration company's stock valued at $879,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 89.91% of the company's stock.
EOG Resources Price Performance
NYSE:EOG traded down $0.33 during mid-day trading on Thursday, reaching $118.48. The stock had a trading volume of 2,795,606 shares, compared to its average volume of 3,417,138. The stock has a 50-day simple moving average of $117.52 and a two-hundred day simple moving average of $121.34. The stock has a market capitalization of $64.66 billion, a PE ratio of 10.99, a P/E/G ratio of 9.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.
EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company's revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is presently 36.18%.
Insider Buying and Selling at EOG Resources
In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on EOG. UBS Group reiterated a "buy" rating and set a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Mizuho reduced their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Morgan Stanley set a $135.00 price target on EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America reduced their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average price target of $139.14.
Get Our Latest Stock Analysis on EOG Resources
EOG Resources Company Profile
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Free Report)
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
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