Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in EOG Resources, Inc. $EOG

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in EOG Resources, Inc. (NYSE:EOGFree Report) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,150,840 shares of the energy exploration company’s stock after acquiring an additional 24,984 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in EOG Resources were worth $123,451,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in EOG Resources by 0.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 133,408 shares of the energy exploration company’s stock worth $14,009,000 after buying an additional 528 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of EOG Resources by 20.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the energy exploration company’s stock valued at $95,000 after acquiring an additional 155 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its holdings in shares of EOG Resources by 3.8% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 152,392 shares of the energy exploration company’s stock worth $16,003,000 after acquiring an additional 5,600 shares during the period. Peregrine Asset Advisers Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $3,111,000. Finally, Sun Financial Inc acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $301,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup cut their price target on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company increased their price target on shares of EOG Resources from $155.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Sanford C. Bernstein raised their price objective on EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Wolfe Research raised their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. raised their price objective on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.82.

Get Our Latest Analysis on EOG Resources

Insider Activity at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’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 directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,230 shares of company stock worth $2,522,568. Company insiders own 0.14% of the company’s stock.

EOG Resources Trading Down 4.4%

NYSE:EOG opened at $134.69 on Thursday. 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 business’s 50 day moving average is $135.53 and its two-hundred day moving average is $118.14. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a market cap of $72.15 billion, a PE ratio of 13.26, a P/E/G ratio of 1.76 and a beta of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.43% and a net margin of 23.01%.The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $2.87 EPS. On average, analysts predict that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Trending Headlines about EOG Resources

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EOG Resources Profile

(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.

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

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