MUFG Securities EMEA plc increased its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 112.8% in the 4th quarter, HoldingsChannel reports. The firm owned 22,244 shares of the energy exploration company’s stock after purchasing an additional 11,793 shares during the period. MUFG Securities EMEA plc’s holdings in EOG Resources were worth $2,336,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in EOG. Capital World Investors boosted its position in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in EOG Resources during the 3rd quarter valued at approximately $87,193,000. Northwestern Mutual Wealth Management Co. increased its position in EOG Resources by 2,410.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock worth $75,547,000 after purchasing an additional 690,765 shares during the period. TD Asset Management Inc increased its position in EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after purchasing an additional 662,539 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in EOG Resources by 140.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after purchasing an additional 644,569 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a report on Wednesday, May 13th. Truist Financial increased their target price on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a report on Friday, May 8th. Wolfe Research increased their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $156.39.
Insider Transactions at EOG Resources
In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources 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 completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was 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 owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,456 shares of company stock valued at $1,788,033 over the last quarter. Insiders own 0.14% of the company’s stock.
EOG Resources Trading Up 2.3%
NYSE:EOG opened at $136.40 on Tuesday. The business’s 50-day moving average is $137.96 and its two-hundred day moving average is $122.05. 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 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $72.65 billion, a PE ratio of 13.43 and a beta of 0.27.
EOG Resources (NYSE:EOG – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $2.87 earnings per share. Research analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.
About EOG Resources
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.
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