Abacus Planning Group Inc. Reduces Holdings in EOG Resources Inc (EOG)
Abacus Planning Group Inc. trimmed its position in EOG Resources Inc (NYSE:EOG) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,901 shares of the energy exploration company’s stock after selling 6,684 shares during the period. Abacus Planning Group Inc.’s holdings in EOG Resources were worth $266,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. MUFG Securities EMEA plc boosted its position in EOG Resources by 81.5% in the fourth quarter. MUFG Securities EMEA plc now owns 28,500 shares of the energy exploration company’s stock worth $2,485,000 after purchasing an additional 12,798 shares during the last quarter. LMR Partners LLP boosted its position in EOG Resources by 40.3% in the fourth quarter. LMR Partners LLP now owns 20,480 shares of the energy exploration company’s stock worth $1,786,000 after purchasing an additional 5,886 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in EOG Resources by 2.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 459,360 shares of the energy exploration company’s stock worth $40,061,000 after purchasing an additional 11,800 shares during the last quarter. Nomura Holdings Inc. lifted its position in shares of EOG Resources by 136.6% during the 4th quarter. Nomura Holdings Inc. now owns 128,896 shares of the energy exploration company’s stock valued at $11,223,000 after buying an additional 74,414 shares in the last quarter. Finally, BOKF NA lifted its position in shares of EOG Resources by 54.2% during the 4th quarter. BOKF NA now owns 75,767 shares of the energy exploration company’s stock valued at $6,607,000 after buying an additional 26,624 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.
NYSE EOG opened at $89.69 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a market capitalization of $50.45 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. EOG Resources’s dividend payout ratio is presently 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the transaction, the executive vice president now directly owns 45,424 shares in the company, valued at $4,486,528.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,834 shares of company stock worth $640,668. 0.51% of the stock is owned by insiders.
A number of research analysts have recently weighed in on EOG shares. Barclays lifted their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 15th. Credit Suisse Group raised EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 price objective on the stock in a research report on Friday, November 16th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Morgan Stanley lowered their price objective on EOG Resources from $133.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Finally, Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average target price of $123.68.
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EOG Resources Profile
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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