Tiverton Asset Management LLC Purchases New Holdings in EOG Resources Inc (EOG)
Tiverton Asset Management LLC purchased a new stake in EOG Resources Inc (NYSE:EOG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,476 shares of the energy exploration company’s stock, valued at approximately $1,055,000.
A number of other institutional investors have also recently bought and sold shares of EOG. Swedbank bought a new position in EOG Resources during the first quarter worth about $127,489,000. Chevy Chase Trust Holdings Inc. bought a new position in EOG Resources during the second quarter worth about $104,146,000. Fenimore Asset Management Inc. bought a new position in EOG Resources during the second quarter worth about $86,564,000. Northside Capital Management LLC bought a new position in EOG Resources during the second quarter worth about $79,851,000. Finally, Findlay Park Partners LLP boosted its holdings in EOG Resources by 45.1% during the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after buying an additional 597,717 shares during the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.
In related news, Director Donald F. Textor sold 1,864 shares of EOG Resources stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $122.88, for a total value of $229,048.32. Following the sale, the director now owns 118,263 shares of the company’s stock, valued at approximately $14,532,157.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $122.36, for a total value of $6,982,473.40. Following the completion of the sale, the chief executive officer now directly owns 755,519 shares in the company, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,815 shares of company stock worth $13,821,159. 0.51% of the stock is currently owned by insiders.
NYSE EOG opened at $118.91 on Friday. The stock has a market cap of $68.33 billion, a PE ratio of 106.17, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. EOG Resources Inc has a one year low of $81.99 and a one year high of $131.60.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. EOG Resources’s revenue was up 62.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. research analysts anticipate that EOG Resources Inc will post 5.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s dividend payout ratio (DPR) is currently 66.07%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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