TD Asset Management Inc Boosts Position in EOG Resources, Inc. $EOG

TD Asset Management Inc boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 26.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,131,338 shares of the energy exploration company’s stock after buying an additional 238,856 shares during the quarter. TD Asset Management Inc’s holdings in EOG Resources were worth $118,802,000 at the end of the most recent reporting period.

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

EOG Resources Price Performance

EOG stock opened at $140.79 on Friday. The company has a market capitalization of $74.99 billion, a P/E ratio of 13.86 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The business has a 50 day simple moving average of $137.97 and a 200-day simple moving average of $122.71. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.87 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analysts Set New Price Targets

Several research firms have recently commented on EOG. Scotiabank lifted their price target on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Raymond James Financial boosted their price target on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 27th. Stephens cut their price target on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Finally, Citigroup reissued a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,456 shares of company stock valued at $1,788,033. Corporate insiders own 0.14% of the company’s stock.

EOG Resources 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.