263,703 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 263,703 shares of the energy exploration company’s stock, valued at approximately $32,325,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC raised its position in EOG Resources by 98.6% during the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after acquiring an additional 13,324 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of EOG Resources in the third quarter valued at about $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources during the fourth quarter worth about $735,000. Oak Ridge Investments LLC increased its position in EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares during the period. Finally, Tobam bought a new position in EOG Resources during the fourth quarter worth about $352,000. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EOG. Bank of America reiterated a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Barclays cut their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average target price of $145.33.

EOG Resources Stock Up 0.5 %

NYSE EOG opened at $124.91 on Friday. The stock’s 50-day moving average price is $129.11 and its 200-day moving average price is $127.47. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a market capitalization of $69.19 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.12%. EOG Resources’s dividend payout ratio is presently 34.73%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by insiders.

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.