Artemis Investment Management LLP decreased its position in EOG Resources Inc (NYSE:EOG) by 97.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,838 shares of the energy exploration company’s stock after selling 249,505 shares during the quarter. Artemis Investment Management LLP’s holdings in EOG Resources were worth $432,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its position in shares of EOG Resources by 131.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after buying an additional 156 shares in the last quarter. Knuff & Co LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $33,000. Tortoise Investment Management LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of EOG Resources during the second quarter worth approximately $37,000. 86.51% of the stock is owned by institutional investors.
Shares of EOG opened at $69.25 on Friday. The business’s fifty day moving average price is $75.27 and its 200 day moving average price is $86.31. EOG Resources Inc has a 12-month low of $68.09 and a 12-month high of $123.78. The stock has a market capitalization of $39.91 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s payout ratio is 20.76%.
A number of analysts have recently weighed in on EOG shares. Guggenheim set a $108.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Oppenheimer decreased their price target on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Citigroup decreased their price target on shares of EOG Resources from $116.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on EOG Resources from $109.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $111.57.
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 People's Republic of China, and Canada.
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