BI Asset Management Fondsmaeglerselskab A S Grows Position in EOG Resources, Inc. $EOG

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,989 shares of the energy exploration company’s stock after buying an additional 7,169 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in EOG Resources were worth $7,665,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Argonautica Private Wealth Management Inc. increased its stake in shares of EOG Resources by 40.8% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 7,559 shares of the energy exploration company’s stock worth $794,000 after buying an additional 2,189 shares during the period. Pinebridge Investments LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $2,712,000. Deseret Mutual Benefit Administrators increased its stake in shares of EOG Resources by 11.5% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,326 shares of the energy exploration company’s stock worth $139,000 after buying an additional 137 shares during the period. Vise Technologies Inc. increased its stake in shares of EOG Resources by 21.8% during the fourth quarter. Vise Technologies Inc. now owns 14,289 shares of the energy exploration company’s stock worth $1,500,000 after buying an additional 2,561 shares during the period. Finally, Continuum Advisory LLC increased its stake in shares of EOG Resources by 9.3% during the fourth quarter. Continuum Advisory LLC now owns 7,622 shares of the energy exploration company’s stock worth $800,000 after buying an additional 651 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research upped their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. BMO Capital Markets upped their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Raymond James Financial upped their price target on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price target on EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Finally, DA Davidson upped their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. 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, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $156.32.

Check Out Our Latest Report on EOG Resources

Insider Activity at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value 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 approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,456 shares of company stock valued at $1,788,033 over the last three months. Corporate insiders own 0.14% of the company’s stock.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

EOG Resources Stock Performance

Shares of EOG opened at $137.72 on Friday. The stock has a 50 day moving average price of $137.86 and a 200 day moving average price of $122.81. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $73.35 billion, a price-to-earnings ratio of 13.55 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings results 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 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 firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. Research analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

About EOG Resources

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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