Voloridge Investment Management LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)


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Voloridge Investment Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,967 shares of the energy exploration company’s stock after acquiring an additional 11,267 shares during the period. Voloridge Investment Management LLC’s holdings in EOG Resources were worth $1,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Wolff Wiese Magana LLC acquired a new position in EOG Resources during the 4th quarter worth about $25,000. Vantage Consulting Group Inc acquired a new position in EOG Resources during the 4th quarter worth about $25,000. Winslow Evans & Crocker Inc. lifted its stake in EOG Resources by 1,136.4% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 544 shares of the energy exploration company’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. ELM Advisors LLC acquired a new position in EOG Resources during the 4th quarter worth about $44,000. Finally, Glassman Wealth Services lifted its stake in EOG Resources by 22.9% during the 4th quarter. Glassman Wealth Services now owns 1,095 shares of the energy exploration company’s stock worth $55,000 after acquiring an additional 204 shares in the last quarter. 87.69% of the stock is currently owned by hedge funds and other institutional investors.

EOG has been the topic of a number of analyst reports. Johnson Rice reaffirmed an “accumulate” rating and issued a $88.00 price target on shares of EOG Resources in a research report on Monday, March 15th. Citigroup increased their price target on EOG Resources from $72.00 to $88.00 in a research report on Tuesday, March 23rd. Morgan Stanley increased their price target on EOG Resources from $57.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on EOG Resources from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, March 29th. Finally, TD Securities increased their price target on EOG Resources from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.56.

In other news, EVP Michael P. Donaldson sold 6,223 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $74.98, for a total value of $466,600.54. Following the completion of the sale, the executive vice president now directly owns 119,184 shares of the company’s stock, valued at approximately $8,936,416.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Ezra Y. Yacob sold 3,273 shares of EOG Resources stock in a transaction on Friday, March 12th. The stock was sold at an average price of $74.90, for a total value of $245,147.70. Following the transaction, the president now directly owns 51,830 shares of the company’s stock, valued at $3,882,067. The disclosure for this sale can be found here. Insiders sold a total of 18,119 shares of company stock valued at $1,356,231 over the last three months. Insiders own 0.30% of the company’s stock.

Shares of EOG stock opened at $73.30 on Thursday. The business’s 50 day moving average is $70.62 and its two-hundred day moving average is $53.03. EOG Resources, Inc. has a twelve month low of $31.22 and a twelve month high of $77.14. The company has a market capitalization of $42.78 billion, a P/E ratio of -140.96 and a beta of 2.09. The company has a current ratio of 1.69, a quick ratio of 1.47 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, February 25th. The energy exploration company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.38 by $0.33. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.90 billion. EOG Resources had a positive return on equity of 5.86% and a negative net margin of 2.47%. As a group, equities analysts predict that EOG Resources, Inc. will post 1.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Friday, April 16th will be issued a $0.4125 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.38. This represents a $1.65 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Thursday, April 15th. EOG Resources’s dividend payout ratio (DPR) is currently 30.12%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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