Mediolanum International Funds Ltd Invests $10.97 Million in EOG Resources, Inc. (NYSE:EOG)

Mediolanum International Funds Ltd purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 86,781 shares of the energy exploration company’s stock, valued at approximately $10,968,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Larson Financial Group LLC lifted its position in EOG Resources by 117.4% during the first quarter. Larson Financial Group LLC now owns 2,530 shares of the energy exploration company’s stock valued at $323,000 after purchasing an additional 1,366 shares in the last quarter. Callan Capital LLC lifted its position in EOG Resources by 7.6% during the first quarter. Callan Capital LLC now owns 3,677 shares of the energy exploration company’s stock valued at $470,000 after purchasing an additional 260 shares in the last quarter. Commerce Bank lifted its position in shares of EOG Resources by 24.4% in the first quarter. Commerce Bank now owns 85,564 shares of the energy exploration company’s stock valued at $10,938,000 after acquiring an additional 16,793 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of EOG Resources by 3.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 128,364 shares of the energy exploration company’s stock valued at $16,410,000 after acquiring an additional 4,407 shares in the last quarter. Finally, United Community Bank lifted its position in shares of EOG Resources by 12.9% in the first quarter. United Community Bank now owns 2,013 shares of the energy exploration company’s stock valued at $257,000 after acquiring an additional 230 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOG has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Citigroup lifted their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Susquehanna boosted their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $143.29.

EOG Resources Stock Up 0.4 %

Shares of EOG stock traded up $0.55 during trading hours on Wednesday, reaching $126.22. 1,815,365 shares of the company’s stock were exchanged, compared to its average volume of 3,243,072. The stock’s 50 day moving average is $125.06 and its 200-day moving average is $122.68. The company has a market cap of $72.54 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts predict that EOG Resources, Inc. will post 12.05 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.20% of the company’s stock.

EOG Resources Company Profile

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.