Hartland & Co. LLC bought a new position in EOG Resources Inc (NYSE:EOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,342 shares of the energy exploration company’s stock, valued at approximately $253,000.
A number of other institutional investors also recently added to or reduced their stakes in EOG. Amundi Pioneer Asset Management Inc. boosted its holdings in EOG Resources by 43.1% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after acquiring an additional 1,206,576 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after acquiring an additional 1,118,898 shares in the last quarter. Northside Capital Management LLC bought a new stake in EOG Resources in the fourth quarter worth $82,404,000. Westfield Capital Management Co. LP bought a new stake in EOG Resources in the third quarter worth $64,975,000. Finally, First Eagle Investment Management LLC bought a new stake in EOG Resources in the third quarter worth $64,133,000. 84.55% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on EOG. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Stifel Nicolaus set a $134.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Sunday, February 11th. BMO Capital Markets reissued a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group set a $101.00 price target on EOG Resources and gave the company a “hold” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. EOG Resources has an average rating of “Buy” and an average target price of $116.64.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In related news, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now owns 59,917 shares in the company, valued at $6,846,116.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Gary L. Thomas sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total value of $4,517,600.00. Following the sale, the president now owns 1,006,461 shares of the company’s stock, valued at approximately $113,669,705.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is owned by company insiders.
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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