Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Tokio Marine Asset Management Co. Ltd. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,590 shares of the energy exploration company’s stock after acquiring an additional 811 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $3,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Peoples Bank KS purchased a new position in EOG Resources during the third quarter valued at $31,000. Hall Laurie J Trustee purchased a new position in EOG Resources during the fourth quarter valued at $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.80 during trading hours on Wednesday, reaching $135.60. 1,967,808 shares of the company traded hands, compared to its average volume of 3,375,586. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company has a market cap of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. The firm has a 50-day moving average price of $124.83 and a 200 day moving average price of $122.36.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. EOG Resources’s dividend payout ratio is presently 27.98%.

Analyst Ratings Changes

Several brokerages have commented on EOG. Truist Financial lowered their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Piper Sandler raised their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $147.00 to $140.00 in a report on Friday, January 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources 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.