Bessemer Group Inc. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 875,167 shares of the energy exploration company’s stock after buying an additional 7,667 shares during the period. Bessemer Group Inc.’s holdings in EOG Resources were worth $100,153,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in EOG. CENTRAL TRUST Co raised its stake in EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after purchasing an additional 74 shares in the last quarter. White Pine Capital LLC raised its position in shares of EOG Resources by 2.2% during the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after buying an additional 85 shares in the last quarter. Inscription Capital LLC lifted its holdings in shares of EOG Resources by 0.9% in the 2nd quarter. Inscription Capital LLC now owns 9,961 shares of the energy exploration company’s stock valued at $1,140,000 after acquiring an additional 86 shares during the last quarter. Lindbrook Capital LLC grew its position in EOG Resources by 4.0% in the second quarter. Lindbrook Capital LLC now owns 2,275 shares of the energy exploration company’s stock worth $260,000 after acquiring an additional 88 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its stake in EOG Resources by 2.4% during the second quarter. Guinness Atkinson Asset Management Inc now owns 3,746 shares of the energy exploration company’s stock worth $429,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on EOG shares. Jefferies Financial Group raised their price target on EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Sanford C. Bernstein cut shares of EOG Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $155.00 to $146.00 in a research note on Tuesday, October 17th. Bank of America increased their price objective on shares of EOG Resources from $143.00 to $147.00 in a research report on Wednesday, September 27th. Mizuho dropped their target price on EOG Resources from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Raymond James reduced their price target on EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Monday, July 24th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.77.
EOG Resources Trading Up 1.0 %
Shares of EOG Resources stock opened at $125.23 on Tuesday. The company has a fifty day simple moving average of $127.24 and a 200-day simple moving average of $122.54. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $144.91. The company has a current ratio of 2.43, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $73.03 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.36 and a beta of 1.51.
EOG Resources Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from EOG Resources’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s payout ratio is presently 24.52%.
About EOG Resources
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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