Ladenburg Thalmann Financial Services Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 17.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,459 shares of the energy exploration company’s stock after selling 5,228 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in EOG Resources were worth $2,464,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new stake in EOG Resources during the 3rd quarter valued at $101,000. First Personal Financial Services boosted its position in EOG Resources by 53.6% during the 2nd quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 479 shares during the period. Fis Group Inc. purchased a new stake in EOG Resources during the 3rd quarter valued at $130,000. Pinnacle Financial Partners Inc. purchased a new stake in EOG Resources during the 2nd quarter valued at $143,000. Finally, Quantbot Technologies LP purchased a new stake in EOG Resources during the 3rd quarter valued at $153,000. 86.20% of the stock is owned by institutional investors.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at $98.55 on Friday. EOG Resources, Inc. has a 12-month low of $81.99 and a 12-month high of $107.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The company has a market cap of $57,613.76, a PE ratio of 243.02, a PEG ratio of 13.14 and a beta of 0.98.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.68%. EOG Resources’s dividend payout ratio is 6,700.00%.
EOG has been the subject of several analyst reports. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus set a $106.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $106.00 price target on shares of EOG Resources in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $109.83.
In related news, EVP David W. Trice sold 3,114 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,692 shares of company stock valued at $3,717,390. Corporate insiders own 0.53% of the company’s stock.
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EOG Resources Company Profile
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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