DnB Asset Management AS Boosts Stake in EOG Resources Inc (EOG)

DnB Asset Management AS lifted its position in EOG Resources Inc (NYSE:EOG) by 11.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,848 shares of the energy exploration company’s stock after buying an additional 7,200 shares during the quarter. DnB Asset Management AS’s holdings in EOG Resources were worth $7,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in shares of EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after acquiring an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 64.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after acquiring an additional 2,083,122 shares during the last quarter. Capital World Investors grew its holdings in shares of EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after acquiring an additional 1,568,085 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of EOG Resources by 49.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after acquiring an additional 1,452,947 shares during the last quarter. Finally, Findlay Park Partners LLP acquired a new position in shares of EOG Resources in the 2nd quarter worth $120,097,000. 85.25% of the stock is currently owned by institutional investors.

EOG Resources Inc (NYSE:EOG) opened at $115.14 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $115.72. The company has a market capitalization of $66,580.00, a PE ratio of 11,514.00, a price-to-earnings-growth ratio of 5.11 and a beta of 0.98.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. equities research analysts forecast that EOG Resources Inc will post 0.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.58%. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.

In other EOG Resources news, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the transaction, the president now owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the transaction, the chief financial officer now owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. Insiders sold 173,726 shares of company stock worth $6,438,781 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

EOG has been the topic of a number of recent research reports. Piper Jaffray Companies decreased their target price on EOG Resources from $109.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Imperial Capital initiated coverage on EOG Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the company a “buy” rating in a report on Thursday, October 5th. Jefferies Group reiterated a “hold” rating and set a $95.00 price target on shares of EOG Resources in a report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $107.00 price target on EOG Resources and gave the company a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $114.38.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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