DNB Asset Management AS Has $12.83 Million Stock Holdings in EOG Resources, Inc. $EOG

DNB Asset Management AS increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 107,258 shares of the energy exploration company’s stock after buying an additional 3,206 shares during the quarter. DNB Asset Management AS’s holdings in EOG Resources were worth $12,829,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EOG. Swiss National Bank raised its holdings in EOG Resources by 5.7% in the second quarter. Swiss National Bank now owns 1,669,600 shares of the energy exploration company’s stock worth $199,701,000 after purchasing an additional 90,200 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of EOG Resources in the 2nd quarter valued at $490,000. Ensign Peak Advisors Inc increased its position in shares of EOG Resources by 0.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 940,967 shares of the energy exploration company’s stock valued at $112,549,000 after buying an additional 6,110 shares in the last quarter. Empirical Finance LLC raised its stake in EOG Resources by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 20,211 shares of the energy exploration company’s stock worth $2,417,000 after buying an additional 122 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in EOG Resources by 33.2% during the second quarter. TD Waterhouse Canada Inc. now owns 3,409 shares of the energy exploration company’s stock worth $413,000 after acquiring an additional 850 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $106.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a market capitalization of $58.05 billion, a P/E ratio of 10.40, a P/E/G ratio of 8.20 and a beta of 0.72. The company has a 50 day moving average of $109.93 and a 200-day moving average of $115.37.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.89 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Mizuho lowered their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Siebert Williams Shank cut their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a report on Sunday, October 12th. Finally, Wells Fargo & Company dropped their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.33.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.