Lee Financial Co lowered its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 29.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 495 shares of the energy exploration company’s stock after selling 210 shares during the quarter. Lee Financial Co’s holdings in EOG Resources were worth $57,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of EOG Resources by 100,317.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 538,528,863 shares of the energy exploration company’s stock valued at $61,629,243,000 after buying an additional 537,992,573 shares in the last quarter. Tejara Capital Ltd acquired a new position in EOG Resources during the 4th quarter worth $106,000. Charles Schwab Investment Management Inc. grew its stake in EOG Resources by 196.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock worth $1,175,599,000 after purchasing an additional 6,529,464 shares in the last quarter. Morgan Stanley grew its stake in EOG Resources by 87.8% during the 4th quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock worth $1,008,609,000 after purchasing an additional 3,641,504 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in EOG Resources by 12.4% during the 1st quarter. Wellington Management Group LLP now owns 26,897,413 shares of the energy exploration company’s stock worth $3,083,250,000 after purchasing an additional 2,977,408 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.
Wall Street Analysts Forecast Growth
EOG has been the subject of several analyst reports. Morgan Stanley boosted their target price on EOG Resources from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. 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. TD Securities upped their price objective on EOG Resources from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Mizuho upped their price objective on EOG Resources from $155.00 to $157.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, UBS Group upped their price objective on EOG Resources from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.57.
Read Our Latest Report on EOG Resources
Insider Buying and Selling at EOG Resources
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $130.76, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.
EOG Resources Stock Up 0.1 %
EOG opened at $121.30 on Friday. The business has a 50 day moving average price of $128.42 and a two-hundred day moving average price of $122.06. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.14. The company has a market cap of $70.74 billion, a PE ratio of 9.01, a P/E/G ratio of 0.35 and a beta of 1.51. EOG Resources, Inc. has a 52 week low of $98.52 and a 52 week high of $150.05.
EOG Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, January 16th. This is an increase from EOG Resources’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 3.00%. EOG Resources’s dividend payout ratio is currently 24.52%.
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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