Sawtooth Solutions LLC Buys Shares of 2,512 EOG Resources Inc (NYSE:EOG)
Sawtooth Solutions LLC bought a new position in EOG Resources Inc (NYSE:EOG) during the first quarter, HoldingsChannel.com reports. The fund bought 2,512 shares of the energy exploration company’s stock, valued at approximately $239,000.
A number of other institutional investors also recently made changes to their positions in the stock. Valeo Financial Advisors LLC grew its position in EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Guidant Wealth Advisors raised its stake in shares of EOG Resources by 50.5% during the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 101 shares in the last quarter. Essex Savings Bank raised its stake in shares of EOG Resources by 87.0% during the first quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Athena Capital Advisors LLC bought a new position in EOG Resources in the fourth quarter worth approximately $46,000. Finally, Quad Cities Investment Group LLC purchased a new position in EOG Resources in the first quarter worth $48,000. 86.80% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on EOG shares. Goldman Sachs Group downgraded shares of EOG Resources to a “buy” rating in a research report on Friday, April 12th. KeyCorp increased their price objective on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. MKM Partners reiterated a “neutral” rating and set a $109.00 target price on shares of EOG Resources in a report on Tuesday, April 16th. Citigroup started coverage on shares of EOG Resources in a report on Tuesday, April 9th. They issued a “buy” rating on the stock. Finally, ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $121.84.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.03 by $0.16. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources Inc will post 5.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.2875 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.35%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
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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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