iA Global Asset Management Inc. Has $4.31 Million Stake in EOG Resources, Inc. $EOG

iA Global Asset Management Inc. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 38,450 shares of the energy exploration company’s stock after purchasing an additional 4,897 shares during the quarter. iA Global Asset Management Inc.’s holdings in EOG Resources were worth $4,311,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EOG. Alliancebernstein L.P. increased its stake in EOG Resources by 4.2% during the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after acquiring an additional 249,984 shares during the period. Invesco Ltd. grew its holdings in shares of EOG Resources by 7.0% during the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after purchasing an additional 294,641 shares in the last quarter. First Trust Advisors LP increased its position in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after purchasing an additional 1,456,928 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of EOG Resources by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after purchasing an additional 184,387 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of EOG Resources by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,327,688 shares of the energy exploration company’s stock valued at $278,414,000 after purchasing an additional 154,775 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EOG. UBS Group reissued a “buy” rating and issued a $141.00 price target (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. The Goldman Sachs Group lowered their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Friday. Siebert Williams Shank decreased their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $134.89.

EOG Resources Price Performance

NYSE:EOG opened at $108.26 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $58.74 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 8.83 and a beta of 0.49. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $135.87. The company’s 50-day moving average price is $106.68 and its two-hundred day moving average price is $112.23.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.89 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s payout ratio is presently 40.64%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

About EOG Resources

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.