Nkcfo LLC Invests $2.65 Million in EOG Resources, Inc. $EOG

Nkcfo LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,150 shares of the energy exploration company’s stock, valued at approximately $2,649,000. EOG Resources accounts for 1.1% of Nkcfo LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also recently bought and sold shares of EOG. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of EOG Resources by 11.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,031,216 shares of the energy exploration company’s stock valued at $132,274,000 after buying an additional 109,674 shares in the last quarter. Townsquare Capital LLC grew its stake in EOG Resources by 20.7% in the first quarter. Townsquare Capital LLC now owns 25,806 shares of the energy exploration company’s stock valued at $3,309,000 after acquiring an additional 4,432 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of EOG Resources in the first quarter worth about $85,000. Benjamin Edwards Inc. raised its position in shares of EOG Resources by 10.5% during the first quarter. Benjamin Edwards Inc. now owns 338,842 shares of the energy exploration company’s stock worth $43,453,000 after purchasing an additional 32,117 shares during the period. Finally, True North Advisors LLC bought a new position in shares of EOG Resources during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $112.19 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company’s 50 day moving average price is $108.18 and its two-hundred day moving average price is $115.03. The firm has a market cap of $60.87 billion, a PE ratio of 11.17, a PEG ratio of 8.47 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 EPS. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 40.64%.

Analysts Set New Price Targets

Several brokerages have commented on EOG. Melius Research started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Roth Capital lowered their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Morgan Stanley boosted their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Finally, Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $139.86.

About EOG Resources

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.