Virtu Financial LLC acquired a new stake in shares of EOG Resources Inc (NYSE:EOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,454 shares of the energy exploration company’s stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Chicago Partners Investment Group LLC boosted its position in EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in EOG Resources during the fourth quarter valued at $123,000. Cerebellum GP LLC acquired a new stake in EOG Resources during the fourth quarter valued at $125,000. Quantbot Technologies LP acquired a new stake in EOG Resources during the third quarter valued at $153,000. Finally, Zions Bancorporation boosted its position in EOG Resources by 5,268.6% during the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after purchasing an additional 1,844 shares during the last quarter. 85.69% of the stock is owned by hedge funds and other institutional investors.
In related news, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the transaction, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock valued at $7,820,085 in the last three months. 0.53% of the stock is owned by insiders.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.30. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion. analysts forecast that EOG Resources Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, April 13th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s payout ratio is currently 15.02%.
A number of analysts recently issued reports on EOG shares. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Monday, January 15th. Credit Suisse Group started coverage on EOG Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $106.00 price objective for the company. Robert W. Baird reduced their price objective on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research report on Monday, December 18th. Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Argus boosted their price target on EOG Resources to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $119.04.
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About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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