AMP Capital Investors Ltd Has $25.10 Million Holdings in EOG Resources Inc (EOG)
AMP Capital Investors Ltd lessened its holdings in EOG Resources Inc (NYSE:EOG) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 232,579 shares of the energy exploration company’s stock after selling 2,496 shares during the quarter. AMP Capital Investors Ltd’s holdings in EOG Resources were worth $25,098,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Chicago Partners Investment Group LLC boosted its holdings in EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in EOG Resources in the 4th quarter valued at approximately $123,000. Cerebellum GP LLC purchased a new stake in EOG Resources in the 4th quarter valued at approximately $125,000. Quantbot Technologies LP purchased a new stake in EOG Resources in the 3rd quarter valued at approximately $153,000. Finally, Zions Bancorporation boosted its holdings in EOG Resources by 5,268.6% in the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after purchasing an additional 1,844 shares in the last quarter. 84.74% of the stock is currently owned by institutional investors.
Shares of EOG Resources Inc (NYSE EOG) opened at $102.80 on Friday. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $119.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $60,790.00, a P/E ratio of -32.74, a P/E/G ratio of 3.25 and a beta of 1.09.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 dividend on an annualized basis and a yield of 0.72%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s dividend payout ratio is presently -21.34%.
A number of equities research analysts have weighed in on the company. Jefferies Group set a $111.00 price objective on EOG Resources and gave the company a “hold” rating in a report on Thursday. UBS Group assumed coverage on EOG Resources in a report on Wednesday. They issued a “buy” rating and a $125.00 price objective on the stock. Sanford C. Bernstein lowered their price objective on EOG Resources from $143.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, March 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $112.00 price objective on shares of EOG Resources in a report on Thursday, March 1st. Finally, TheStreet raised EOG Resources from a “c” rating to a “b” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $118.88.
In other EOG Resources news, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the completion of the transaction, the president now directly owns 1,006,461 shares in the company, valued at approximately $113,669,705.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by corporate insiders.
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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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