Lucas Capital Management reduced its position in EOG Resources, Inc. (NYSE:EOG) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,730 shares of the energy exploration company’s stock after selling 26,240 shares during the quarter. Lucas Capital Management’s holdings in EOG Resources were worth $458,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd increased its holdings in EOG Resources by 87.9% in the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after buying an additional 4,144 shares during the period. Assenagon Asset Management S.A. bought a new position in EOG Resources in the 3rd quarter valued at about $4,649,000. Wendell David Associates Inc. increased its holdings in EOG Resources by 4.2% in the 3rd quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after buying an additional 600 shares during the period. Usca Ria LLC increased its holdings in EOG Resources by 232.2% in the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after buying an additional 10,939 shares during the period. Finally, Aperio Group LLC increased its holdings in EOG Resources by 6.9% in the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after buying an additional 17,107 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
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EOG Resources, Inc. (NYSE:EOG) traded down $1.91 during trading hours on Tuesday, hitting $102.55. 824,899 shares of the stock traded hands, compared to its average volume of 3,131,526. The company has a market cap of $60,470.16, a price-to-earnings ratio of 255.07, a P/E/G ratio of 14.97 and a beta of 0.99. 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 $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) EPS. equities research analysts anticipate that EOG Resources, Inc. will post 0.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.65%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In other news, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction on 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 sale, the executive vice president now owns 80,415 shares in the company, valued at approximately $8,576,259.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Insiders sold a total of 153,692 shares of company stock valued at $3,717,390 in the last quarter. 0.53% of the stock is currently owned by company insiders.
Several equities analysts have commented on EOG shares. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $98.00 in a report on Friday, July 21st. Zacks Investment Research lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Scotiabank reissued a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a report on Thursday, August 3rd. Finally, Barclays PLC reissued an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $108.79.
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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