Papp L Roy & Associates Has $1.46 Million Holdings in EOG Resources Inc (NYSE:EOG)
Papp L Roy & Associates grew its position in EOG Resources Inc (NYSE:EOG) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,739 shares of the energy exploration company’s stock after buying an additional 550 shares during the period. Papp L Roy & Associates’ holdings in EOG Resources were worth $1,461,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $109,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $158,000. Citizens Financial Group Inc RI boosted its position in shares of EOG Resources by 41.8% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,546 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 456 shares in the last quarter. Kaizen Advisory LLC boosted its position in shares of EOG Resources by 133.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 744 shares in the last quarter. Finally, First Personal Financial Services boosted its position in EOG Resources by 49.4% in the first quarter. First Personal Financial Services now owns 1,573 shares of the energy exploration company’s stock valued at $166,000 after buying an additional 520 shares in the last quarter. 86.16% of the stock is owned by institutional investors.
EOG Resources stock traded up $1.20 during midday trading on Friday, hitting $117.82. 1,527,881 shares of the stock were exchanged, compared to its average volume of 2,325,351. EOG Resources Inc has a 52-week low of $91.86 and a 52-week high of $131.60. The stock has a market cap of $67.73 billion, a PE ratio of 105.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be given a $0.22 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is 66.07%.
A number of analysts have weighed in on EOG shares. Robert W. Baird raised their target price on shares of EOG Resources from $145.00 to $157.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. Societe Generale raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. TD Securities began coverage on shares of EOG Resources in a research note on Thursday, July 5th. They set a “buy” rating and a $155.00 price target for the company. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 price target for the company in a research note on Monday, July 9th. Finally, Morgan Stanley started coverage on shares of EOG Resources in a research note on Thursday, July 12th. They set an “equal weight” rating and a $128.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $135.33.
In related news, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the sale, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William R. Thomas sold 57,065 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the sale, the chief executive officer now directly owns 755,519 shares in the company, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. In the last three months, insiders sold 116,607 shares of company stock worth $14,030,465. Insiders own 0.51% of the company’s stock.
EOG Resources Company 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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