Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in EOG Resources, Inc. $EOG

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,150,840 shares of the energy exploration company’s stock after acquiring an additional 24,984 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of EOG Resources worth $123,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $32,000. Olistico Wealth LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. boosted its stake in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 170 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 4.4%

EOG opened at $134.69 on Thursday. The firm has a market cap of $72.15 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $135.53 and its two-hundred day moving average is $118.14. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.43% and a net margin of 23.01%.EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.87 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 44.79%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Trending Headlines about EOG Resources

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Analyst Ratings Changes

Several brokerages have recently issued reports on EOG. Stephens lifted their price objective on EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Barclays boosted their target price 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. Piper Sandler boosted their target price on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group boosted their target price on EOG Resources from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Finally, Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.82.

Get Our Latest Stock Report on EOG Resources

About EOG Resources

(Free Report)

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.

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

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