Resona Asset Management Co. Ltd. Trims Stock Holdings in EOG Resources, Inc. $EOG

Resona Asset Management Co. Ltd. trimmed its position in EOG Resources, Inc. (NYSE:EOGFree Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,926 shares of the energy exploration company’s stock after selling 5,582 shares during the period. Resona Asset Management Co. Ltd.’s holdings in EOG Resources were worth $17,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockland Trust Co. grew its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares during the period. Legal & General Group Plc grew its stake in shares of EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the last quarter. AlphaQuest LLC grew its stake in shares of EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC grew its stake in shares of EOG Resources by 69.6% in the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after acquiring an additional 7,940 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by corporate insiders.

EOG Resources Trading Down 1.8%

Shares of NYSE:EOG opened at $141.71 on Thursday. The company has a market cap of $75.48 billion, a P/E ratio of 13.95 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock’s fifty day moving average price is $137.48 and its 200-day moving average price is $120.29.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. EOG Resources’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 14.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is currently 40.16%.

Analyst Ratings Changes

A number of research firms have recently commented on EOG. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Raymond James Financial increased their target price on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 27th. Zacks Research raised EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $154.38.

Get Our Latest Research Report on EOG

About EOG Resources

(Free Report)

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.

Further Reading

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

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