Resona Asset Management Co. Ltd. Sells 5,582 Shares of EOG Resources, Inc. $EOG

Resona Asset Management Co. Ltd. lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 162,926 shares of the energy exploration company’s stock after selling 5,582 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in EOG Resources were worth $17,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Olistico Wealth LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $33,000. Physician Wealth Advisors Inc. raised its stake in shares of EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $38,000. City Holding Co. raised its stake in shares of EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after buying an additional 305 shares during the period. Finally, CNB Bank raised its stake in shares of EOG Resources by 361.0% in the third quarter. CNB Bank now owns 355 shares of the energy exploration company’s stock worth $40,000 after buying an additional 278 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank raised their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group raised their price objective on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Barclays raised their price objective on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Capital One Financial increased their target price on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.38.

EOG Resources Stock Performance

NYSE:EOG opened at $141.71 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The stock has a 50-day moving average price of $137.48 and a 200 day moving average price of $120.29. The stock has a market capitalization of $75.48 billion, a P/E ratio of 13.95 and a beta of 0.27.

EOG Resources (NYSE:EOG) last released its 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. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the business posted $2.87 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Insider Activity at EOG Resources

In other EOG Resources 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 transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,230 shares of company stock valued at $2,272,568 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

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.