EOG Resources, Inc. $EOG Shares Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 59.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,200 shares of the energy exploration company’s stock after buying an additional 7,500 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in EOG Resources were worth $2,920,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Legal & General Group Plc increased its holdings in EOG Resources by 2.1% in the 3rd 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 in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after purchasing an additional 7,877 shares in the last quarter. L2 Asset Management LLC lifted its holdings in EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after purchasing an additional 7,940 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after purchasing an additional 24,984 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of EOG Resources by 11.8% in the third quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company’s stock valued at $581,493,000 after purchasing an additional 548,334 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

EOG Resources Price Performance

EOG Resources stock opened at $132.67 on Tuesday. The company has a fifty day simple moving average of $135.88 and a 200-day simple moving average of $125.02. The firm has a market capitalization of $70.66 billion, a price-to-earnings ratio of 13.06 and a beta of 0.25. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $2.87 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed 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 is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Susquehanna boosted their price objective on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. 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. Finally, DA Davidson raised their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.