Bartlett & Co. LLC Reduces Holdings in EOG Resources Inc (EOG)
Bartlett & Co. LLC cut its holdings in EOG Resources Inc (NYSE:EOG) by 22.5% during the 4th quarter, HoldingsChannel reports. The fund owned 8,005 shares of the energy exploration company’s stock after selling 2,325 shares during the quarter. Bartlett & Co. LLC’s holdings in EOG Resources were worth $864,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd raised its position in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after acquiring an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in EOG Resources in the third quarter worth about $4,649,000. Wendell David Associates Inc. raised its position in EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after acquiring an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in EOG Resources by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Aperio Group LLC raised its position in EOG Resources by 6.9% in the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after acquiring an additional 17,107 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.
EOG Resources Inc (NYSE EOG) opened at $114.37 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $116.47. The firm has a market capitalization of $66,130.00, a PE ratio of 11,437.00, a price-to-earnings-growth ratio of 4.59 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.1675 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In other EOG Resources news, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now directly owns 59,917 shares in the company, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,048 shares of company stock worth $8,173,973. Company insiders own 0.53% of the company’s stock.
Several equities research analysts have commented on EOG shares. Imperial Capital started coverage on shares of EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target on the stock. Stifel Nicolaus set a $106.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Jefferies Group restated a “hold” rating and set a $95.00 price objective on shares of EOG Resources in a report on Tuesday, October 10th. Royal Bank of Canada set a $107.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $105.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $114.52.
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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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