EOG Resources Inc. (EOG) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its stake in shares of EOG Resources Inc. (NYSE:EOG) by 23.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 364,778 shares of the energy exploration company’s stock after buying an additional 68,820 shares during the period. Sei Investments Co. owned about 0.07% of EOG Resources worth $35,276,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Granite Investment Partners LLC boosted its position in shares of EOG Resources by 3.6% in the third quarter. Granite Investment Partners LLC now owns 26,337 shares of the energy exploration company’s stock valued at $2,547,000 after buying an additional 922 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of EOG Resources during the third quarter valued at about $13,270,000. UBS Asset Management Americas Inc. boosted its position in shares of EOG Resources by 3.4% in the third quarter. UBS Asset Management Americas Inc. now owns 3,115,112 shares of the energy exploration company’s stock valued at $301,262,000 after buying an additional 102,719 shares in the last quarter. IndexIQ Advisors LLC boosted its position in shares of EOG Resources by 114.2% in the third quarter. IndexIQ Advisors LLC now owns 1,624 shares of the energy exploration company’s stock valued at $157,000 after buying an additional 866 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of EOG Resources by 42.0% in the third quarter. M&T Bank Corp now owns 286,182 shares of the energy exploration company’s stock valued at $27,677,000 after buying an additional 84,623 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
EOG Resources Inc. (NYSE:EOG) traded up 8.02% during trading on Wednesday, reaching $99.85. 2,078,042 shares of the company traded hands. The company’s market capitalization is $57.56 billion. The firm has a 50-day moving average price of $93.64 and a 200-day moving average price of $88.15. EOG Resources Inc. has a 52 week low of $57.15 and a 52 week high of $100.13.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. The company earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. Analysts forecast that EOG Resources Inc. will post ($1.76) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.
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Several brokerages recently issued reports on EOG. Vetr upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $107.42 price target on the stock in a research report on Monday. CLSA upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a report on Tuesday, November 15th. Robert W. Baird upped their price objective on shares of EOG Resources from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. Clsa Americas upgraded shares of EOG Resources from an “underperform” rating to an “outperform” rating in a report on Monday, November 14th. Finally, Capital One Financial Corp. upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 16th. Sixteen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.98.
In other EOG Resources news, EVP David W. Trice sold 4,600 shares of EOG Resources stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares in the company, valued at approximately $6,023,814. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 14,000 shares of EOG Resources stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the sale, the director now owns 57,586 shares of the company’s stock, valued at $5,337,646.34. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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