Mirae Asset Global Investments Co. Ltd. Has $66.47 Million Stock Holdings in EOG Resources, Inc. $EOG

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,988 shares of the energy exploration company’s stock after selling 14,353 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in EOG Resources were worth $66,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. Hemington Wealth Management lifted its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares in the last quarter. Bollard Group LLC grew its holdings in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares in the last quarter. apricus wealth LLC increased its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 96 shares during the period. Finally, Hardy Reed LLC boosted its position in EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 1.1%

Shares of NYSE EOG opened at $133.90 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market cap of $71.73 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.77 and a beta of 0.32. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The business has a 50-day simple moving average of $131.82 and a two-hundred day simple moving average of $116.01.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the prior year, the company posted $2.74 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group lowered their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley increased their price objective on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 27th. UBS Group boosted their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Citigroup cut their price target on EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $151.11.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.