Bessemer Group Inc. increased its position in EOG Resources, Inc. (NYSE:EOG) by 29,288.3% during the fourth quarter, Holdings Channel reports. The firm owned 127,839 shares of the energy exploration company’s stock after buying an additional 127,404 shares during the period. Bessemer Group Inc.’s holdings in EOG Resources were worth $12,925,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $100,000. Baker Ellis Asset Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth approximately $101,000. ClariVest Asset Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth approximately $103,000. FTB Advisors Inc. boosted its stake in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock worth $114,000 after buying an additional 50 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at 101.44 on Friday. The company’s market capitalization is $58.48 billion. The firm has a 50-day moving average price of $102.66 and a 200-day moving average price of $95.74. EOG Resources, Inc. has a 1-year low of $62.53 and a 1-year high of $109.37.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, January 12th. EOG Resources’s dividend payout ratio is currently -29.65%.
A number of brokerages recently commented on EOG. CLSA raised shares of EOG Resources from an “underperform” rating to an “outperform” rating in a research note on Monday, November 14th. FBR & Co increased their price objective on shares of EOG Resources from $108.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, December 13th. Bank of America Corporation restated a “hold” rating and issued a $110.00 target price on shares of EOG Resources in a report on Friday, November 4th. RBC Capital Markets restated a “hold” rating and issued a $105.00 target price (up from $98.00) on shares of EOG Resources in a report on Tuesday, November 8th. Finally, Barclays PLC restated a “buy” rating and issued a $113.00 target price on shares of EOG Resources in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $103.70.
In other EOG Resources news, VP Ann D. Janssen sold 10,970 shares of EOG Resources stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $101.55, for a total value of $1,114,003.50. Following the transaction, the vice president now directly owns 58,473 shares of the company’s stock, valued at approximately $5,937,933.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles R. Crisp sold 14,000 shares of EOG Resources stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total value of $1,297,660.00. Following the completion of the transaction, the director now directly owns 57,586 shares in the company, valued at $5,337,646.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,553 shares of company stock worth $11,258,827. Company insiders own 0.52% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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