Victory Capital Management Inc. Reduces Stake in EOG Resources Inc (EOG)
Victory Capital Management Inc. lessened its holdings in shares of EOG Resources Inc (NYSE:EOG) by 59.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,900 shares of the energy exploration company’s stock after selling 90,103 shares during the period. Victory Capital Management Inc.’s holdings in EOG Resources were worth $5,892,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Guidant Wealth Advisors boosted its holdings in shares of EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after buying an additional 101 shares in the last quarter. Private Capital Group LLC boosted its holdings in shares of EOG Resources by 6.3% during the 4th quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock valued at $163,000 after buying an additional 110 shares in the last quarter. Lincoln National Corp boosted its holdings in shares of EOG Resources by 4.5% during the 4th quarter. Lincoln National Corp now owns 2,566 shares of the energy exploration company’s stock valued at $224,000 after buying an additional 111 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of EOG Resources by 76.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its holdings in shares of EOG Resources by 9.3% during the 4th quarter. Resources Management Corp CT ADV now owns 1,355 shares of the energy exploration company’s stock valued at $118,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.
EOG traded down $4.41 during midday trading on Thursday, hitting $88.50. 74,809 shares of the company traded hands, compared to its average volume of 3,621,065. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $55.50 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.17 and a beta of 1.24. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a yield of 1.30%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is currently 15.88%.
A number of analysts have recently commented on the stock. Wells Fargo & Co assumed coverage on shares of EOG Resources in a report on Monday. They set an “outperform” rating and a $110.00 target price on the stock. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Thursday, May 9th. Morgan Stanley set a $108.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and upped their price target for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. Finally, ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $121.84.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
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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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