Los Angeles Capital Management & Equity Research Inc. Trims Position in EOG Resources, Inc. (EOG)
Los Angeles Capital Management & Equity Research Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 63.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,545 shares of the energy exploration company’s stock after selling 51,961 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in EOG Resources were worth $2,858,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Westwood Holdings Group Inc. lifted its stake in shares of EOG Resources by 6.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,026,961 shares of the energy exploration company’s stock valued at $100,180,000 after buying an additional 59,053 shares during the period. Barings LLC bought a new stake in shares of EOG Resources in the first quarter valued at about $19,038,000. Tudor Investment Corp ET AL bought a new stake in shares of EOG Resources in the first quarter valued at about $601,000. Harbour Capital Advisors LLC lifted its stake in shares of EOG Resources by 19.6% in the first quarter. Harbour Capital Advisors LLC now owns 10,074 shares of the energy exploration company’s stock valued at $983,000 after buying an additional 1,650 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of EOG Resources by 12.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 19,940 shares of the energy exploration company’s stock valued at $1,945,000 after buying an additional 2,240 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) opened at $101.59 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The firm has a market cap of $58,700.00, a P/E ratio of 247.95, a P/E/G ratio of 14.20 and a beta of 0.99. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the business earned ($0.40) EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. research analysts expect that EOG Resources, Inc. will post 0.8 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock valued at $3,717,390 in the last ninety days. Company insiders own 0.53% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Imperial Capital assumed coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price for the company. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays PLC increased their target price on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $108.92.
TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/23/los-angeles-capital-management-equity-research-inc-trims-position-in-eog-resources-inc-eog.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 & Stock Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related stocks with our FREE daily email newsletter.