Cullen Capital Management LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 57.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 565,107 shares of the energy exploration company’s stock after buying an additional 205,165 shares during the quarter. Cullen Capital Management LLC’s holdings in EOG Resources were worth $64,778,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ossiam lifted its stake in EOG Resources by 1,206.7% during the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC acquired a new position in EOG Resources during the first quarter worth $25,000. Kalos Management Inc. bought a new position in shares of EOG Resources during the first quarter valued at $27,000. Fortis Capital Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth about $28,000. Finally, Lumature Wealth Partners LLC bought a new position in EOG Resources during the 1st quarter valued at about $28,000. 89.21% of the stock is owned by institutional investors.
EOG Resources Stock Up 0.9 %
NYSE EOG traded up $1.18 during trading hours on Friday, reaching $132.73. 2,398,264 shares of the company’s stock were exchanged, compared to its average volume of 1,962,947. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.39. The company has a market capitalization of $77.28 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.41 and a beta of 1.57. The company’s 50-day moving average is $126.55 and its two-hundred day moving average is $118.12. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $150.88.
EOG Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.30 annualized dividend and a dividend yield of 2.49%. EOG Resources’s dividend payout ratio is currently 22.24%.
Analysts Set New Price Targets
EOG has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of EOG Resources from $156.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. Evercore ISI decreased their target price on EOG Resources from $115.00 to $113.00 in a report on Monday, July 10th. Wells Fargo & Company lowered their target price on EOG Resources from $154.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. Tudor, Pickering, Holt & Co. lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Jefferies Financial Group boosted their target price on shares of EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $148.13.
Insider Buying and Selling
In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the transaction, the executive vice president now owns 37,607 shares of the company’s stock, valued at approximately $4,409,796.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the sale, the executive vice president now owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the completion of the sale, the chief operating officer now directly owns 145,259 shares of the company’s stock, valued at approximately $18,994,066.84. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
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