396,668 Shares in EOG Resources, Inc. $EOG Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, Holdings Channel reports. The fund bought 396,668 shares of the energy exploration company’s stock, valued at approximately $41,655,000.

A number of other hedge funds have also modified their holdings of EOG. Sivia Capital Partners LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources in the 2nd quarter worth $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,230 shares of company stock valued at $2,272,568. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research analyst reports. Wolfe Research lifted their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Susquehanna lifted their price target on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Barclays lifted their price target on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Jefferies Financial Group lifted their price target on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada lifted their price target on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average target price of $156.39.

EOG Resources Price Performance

EOG opened at $133.55 on Friday. The stock has a market cap of $71.13 billion, a price-to-earnings ratio of 13.14 and a beta of 0.27. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $138.01 and a 200 day moving average price of $121.76.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 earnings per share. Analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

EOG Resources Company 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.