Motco lowered its position in EOG Resources Inc (NYSE:EOG) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,875 shares of the energy exploration company’s stock after selling 924 shares during the quarter. Motco’s holdings in EOG Resources were worth $3,656,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC acquired a new stake in EOG Resources in the third quarter valued at about $101,000. Chicago Partners Investment Group LLC lifted its position in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in EOG Resources in the fourth quarter valued at about $125,000. Finally, Fis Group Inc. acquired a new stake in EOG Resources in the third quarter valued at about $130,000. Hedge funds and other institutional investors own 85.59% of the company’s stock.
A number of equities research analysts have recently issued reports on EOG shares. 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. Barclays lifted their price target on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Argus lifted their price target on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $116.72.
Shares of EOG Resources Inc (EOG) opened at $105.78 on Thursday. The company has a market cap of $62,603.79, a P/E ratio of 10,578.00, a price-to-earnings-growth ratio of 3.51 and a beta of 1.01. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.63%. EOG Resources’s payout ratio is currently 6,700.00%.
COPYRIGHT VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2018/02/08/eog-resources-inc-eog-position-reduced-by-motco.html.
EOG Resources 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.
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc (NYSE:EOG).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.