State of Alaska Department of Revenue Raises Stake in EOG Resources Inc (EOG)
State of Alaska Department of Revenue increased its position in shares of EOG Resources Inc (NYSE:EOG) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,391 shares of the energy exploration company’s stock after acquiring an additional 1,122 shares during the quarter. State of Alaska Department of Revenue’s holdings in EOG Resources were worth $11,019,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of EOG Resources by 0.6% during the second quarter. BlackRock Inc. now owns 35,327,623 shares of the energy exploration company’s stock valued at $4,395,816,000 after acquiring an additional 212,583 shares during the period. FMR LLC lifted its stake in shares of EOG Resources by 17.5% during the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock valued at $3,199,115,000 after acquiring an additional 3,822,930 shares during the period. Royal Bank of Canada lifted its stake in shares of EOG Resources by 0.8% during the first quarter. Royal Bank of Canada now owns 4,262,600 shares of the energy exploration company’s stock valued at $448,722,000 after acquiring an additional 31,734 shares during the period. Morgan Stanley lifted its stake in shares of EOG Resources by 11.1% during the second quarter. Morgan Stanley now owns 3,447,371 shares of the energy exploration company’s stock valued at $428,957,000 after acquiring an additional 343,550 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of EOG Resources by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,198,074 shares of the energy exploration company’s stock valued at $273,507,000 after acquiring an additional 58,842 shares during the period. 86.16% of the stock is currently owned by institutional investors and hedge funds.
In other EOG Resources news, EVP David W. Trice sold 2,489 shares of the stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $127.44, for a total value of $317,198.16. Following the completion of the sale, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The disclosure for this sale can be found here. Insiders sold 61,346 shares of company stock valued at $7,508,977 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.
NYSE EOG opened at $126.47 on Thursday. The stock has a market capitalization of $73.89 billion, a P/E ratio of 112.92, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. EOG Resources Inc has a 12 month low of $95.36 and a 12 month high of $133.53.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The firm’s revenue was up 62.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, equities research analysts predict that EOG Resources Inc will post 5.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be issued a $0.22 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, October 16th. EOG Resources’s dividend payout ratio is 66.07%.
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.
Further Reading: Intrinsic Value and Stock Selection
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