EOG Resources Inc (EOG) Stake Boosted by Jag Capital Management LLC
Jag Capital Management LLC grew its position in EOG Resources Inc (NYSE:EOG) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,464 shares of the energy exploration company’s stock after purchasing an additional 223 shares during the quarter. Jag Capital Management LLC’s holdings in EOG Resources were worth $2,043,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in EOG. GSA Capital Partners LLP acquired a new stake in shares of EOG Resources in the third quarter worth $236,000. LPL Financial LLC grew its stake in shares of EOG Resources by 7.4% in the third quarter. LPL Financial LLC now owns 62,700 shares of the energy exploration company’s stock worth $7,999,000 after acquiring an additional 4,330 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of EOG Resources by 9.9% in the third quarter. Vident Investment Advisory LLC now owns 7,419 shares of the energy exploration company’s stock worth $946,000 after acquiring an additional 671 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of EOG Resources in the third quarter worth $773,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of EOG Resources by 2.3% in the third quarter. Thrivent Financial for Lutherans now owns 24,855 shares of the energy exploration company’s stock worth $3,171,000 after acquiring an additional 549 shares during the last quarter. 87.89% of the stock is currently owned by institutional investors.
In other news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts forecast that EOG Resources Inc will post 4.84 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. EOG Resources’s dividend payout ratio is presently 15.88%.
EOG has been the topic of several research analyst reports. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. TD Securities decreased their price target on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, February 28th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $116.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, Argus set a $120.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, March 1st. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $123.00.
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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 People's Republic of China, and Canada.
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