Sumitomo Mitsui DS Asset Management Company Ltd Purchases 18,791 Shares of EOG Resources, Inc. $EOG

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in EOG Resources, Inc. (NYSE:EOG) by 16.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,880 shares of the energy exploration company’s stock after buying an additional 18,791 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EOG Resources were worth $14,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the 2nd quarter worth approximately $29,000. ORG Partners LLC lifted its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EOG Resources in the second quarter worth approximately $35,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wells Fargo & Company reduced their price target on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $138.14.

EOG Resources Trading Down 0.6%

Shares of EOG stock opened at $104.94 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a fifty day simple moving average of $106.65 and a two-hundred day simple moving average of $113.17. The firm has a market capitalization of $56.94 billion, a PE ratio of 10.45, a PEG ratio of 8.22 and a beta of 0.49. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

EOG Resources Company 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.