Calamos Advisors LLC cut its position in EOG Resources Inc (NYSE:EOG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,774 shares of the energy exploration company’s stock after selling 1,140 shares during the quarter. Calamos Advisors LLC’s holdings in EOG Resources were worth $16,063,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Quest Capital Management Inc. ADV acquired a new stake in shares of EOG Resources in the 3rd quarter valued at about $28,000. Coastal Investment Advisors Inc. boosted its position in shares of EOG Resources by 147.1% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 504 shares of the energy exploration company’s stock valued at $37,000 after purchasing an additional 300 shares during the period. Whitnell & Co. acquired a new stake in shares of EOG Resources in the 3rd quarter valued at about $50,000. Massey Quick Simon & CO. LLC boosted its position in shares of EOG Resources by 2,674.1% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 749 shares of the energy exploration company’s stock valued at $56,000 after purchasing an additional 722 shares during the period. Finally, CenterStar Asset Management LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at about $58,000. 85.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. Bank of America raised EOG Resources from a “neutral” rating to a “buy” rating in a research report on Monday, January 6th. Howard Weil started coverage on EOG Resources in a research report on Wednesday, November 13th. They issued a “sector perform” rating for the company. Citigroup decreased their price objective on EOG Resources from $93.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. SunTrust Banks increased their price objective on EOG Resources to $80.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. They noted that the move was a valuation call. Finally, Scotiabank started coverage on EOG Resources in a research report on Tuesday, November 12th. They set a “sector perform” rating and a $86.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $103.63.
In other news, Director Charles R. Crisp sold 420 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $86.49, for a total transaction of $36,325.80. Following the completion of the transaction, the director now directly owns 50,296 shares of the company’s stock, valued at approximately $4,350,101.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Shares of EOG stock opened at $86.74 on Thursday. The company has a market cap of $50.22 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.42. The stock has a 50 day simple moving average of $79.98 and a 200-day simple moving average of $78.07. EOG Resources Inc has a 12-month low of $64.33 and a 12-month high of $107.89. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.
EOG Resources (NYSE:EOG) last issued its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. On average, equities analysts forecast that EOG Resources Inc will post 4.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 20.76%.
About EOG Resources
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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