Amova Asset Management Americas Inc. Grows Stock Holdings in EOG Resources, Inc. $EOG

Amova Asset Management Americas Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 46.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,763 shares of the energy exploration company’s stock after purchasing an additional 4,070 shares during the period. Amova Asset Management Americas Inc.’s holdings in EOG Resources were worth $1,845,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its holdings in shares of EOG Resources by 66.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after purchasing an additional 7,877 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after buying an additional 24,500 shares during the period. Cumberland Partners Ltd lifted its holdings in EOG Resources by 432.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after buying an additional 12,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after buying an additional 24,984 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in EOG Resources by 8.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after buying an additional 24,960 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Roth Capital reaffirmed a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. Wolfe Research lifted their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. The Goldman Sachs Group lowered their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Scotiabank upped 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. Finally, JPMorgan Chase & Co. cut their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Stock Performance

Shares of EOG stock opened at $143.34 on Wednesday. The company has a market cap of $76.35 billion, a P/E ratio of 14.11 and a beta of 0.25. The firm has a fifty day moving average price of $136.25 and a 200 day moving average price of $129.24. 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, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $2.87 earnings per share. Sell-side analysts predict that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm 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. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio is presently 40.16%.

EOG Resources Company 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.