EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 325,238 shares of the energy exploration company’s stock after acquiring an additional 18,709 shares during the period. Toronto Dominion Bank owned about 0.06% of EOG Resources worth $39,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Scientech Research LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $1,285,000. Snowden Capital Advisors LLC raised its holdings in EOG Resources by 25.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,072 shares of the energy exploration company’s stock valued at $1,480,000 after acquiring an additional 2,440 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its stake in EOG Resources by 585.0% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 16,207 shares of the energy exploration company’s stock valued at $1,987,000 after acquiring an additional 13,841 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after acquiring an additional 106,677 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of EOG Resources by 6.0% in the 4th quarter. Royal Bank of Canada now owns 3,713,910 shares of the energy exploration company’s stock worth $455,251,000 after purchasing an additional 211,252 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.4%

NYSE:EOG opened at $115.43 on Friday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The business has a fifty day moving average of $115.84 and a 200-day moving average of $124.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.38%. EOG Resources’s dividend payout ratio is presently 36.18%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays decreased their price target on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Mizuho dropped their target price on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.63.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.