EOG Resources, Inc. $EOG Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 660,671 shares of the energy exploration company’s stock, valued at approximately $91,014,000. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of EOG Resources as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in EOG Resources in the second quarter worth $5,905,587,000. Bank of New York Mellon Corp purchased a new position in EOG Resources during the 2nd quarter valued at $654,899,000. Bank of America Corp DE purchased a new position in EOG Resources during the 2nd quarter valued at $551,321,000. Deutsche Bank AG purchased a new position in EOG Resources during the 2nd quarter valued at $251,102,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in EOG Resources by 357.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock worth $271,641,000 after purchasing an additional 1,541,140 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael Donaldson sold 7,336 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Leitzell sold 9,039 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $165.58 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $165.93. The stock has a market cap of $86.85 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $149.06 and its 200-day moving average price is $136.76.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the firm earned $2.32 EPS. The company’s revenue was up 57.4% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 17.70 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EOG shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a research report on Thursday, September 17th. Susquehanna lifted their target price on shares of EOG Resources from $170.00 to $187.00 and gave the company a “positive” rating in a research note on Tuesday, October 20th. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a research report on Wednesday, August 26th. Morgan Stanley increased their price target on shares of EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $161.24.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.