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

BI Asset Management Fondsmaeglerselskab A S raised its position in EOG Resources, Inc. (NYSE:EOG) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,325 shares of the energy exploration company’s stock after buying an additional 7,336 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in EOG Resources were worth $11,613,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc bought a new stake in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the fourth quarter worth about $30,000. Gen Wealth Partners Inc purchased a new position in shares of EOG Resources in the fourth quarter worth about $30,000. Finally, Olistico Wealth LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Capital One Financial cut their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group lifted their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Stephens lowered their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Barclays increased their target price on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Stock Performance

NYSE EOG opened at $130.05 on Monday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company has a market capitalization of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. The company has a fifty day moving average of $135.96 and a 200-day moving average of $124.86.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 16.63 EPS 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction 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 owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.