ZWJ Investment Counsel Inc. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 79,356 shares of the energy exploration company’s stock after buying an additional 5,738 shares during the period. ZWJ Investment Counsel Inc.’s holdings in EOG Resources were worth $10,932,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. increased its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. Byrne Asset Management LLC lifted its stake in shares of EOG Resources by 469.4% during the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. Financial Life Planners purchased a new stake in shares of EOG Resources in the first quarter worth about $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources in the second quarter worth about $31,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources in the first quarter worth about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on EOG. Roth Capital reiterated a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Weiss Ratings raised EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Citigroup reissued a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Capital One Financial cut EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target for the company. in a report on Wednesday, August 26th. Finally, Susquehanna restated a “positive” rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $160.00.
EOG Resources Stock Performance
Shares of EOG stock opened at $154.11 on Thursday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $154.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm has a market capitalization of $80.84 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.56 and a beta of 0.36. The company’s fifty day moving average price is $145.19 and its two-hundred day moving average price is $140.14.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 17.13 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.6%. EOG Resources’s payout ratio is 31.75%.
Insider Buying and Selling
In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 9,039 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the sale, the chief operating officer owned 90,790 shares of the company’s stock, valued at approximately $12,765,981.90. This trade represents a 9.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by corporate insiders.
EOG Resources Profile
EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.
EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.
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