Amundi Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Amundi lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,986,074 shares of the energy exploration company’s stock after purchasing an additional 26,370 shares during the quarter. Amundi owned about 0.35% of EOG Resources worth $255,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of EOG Resources by 8.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 3,887 shares of the energy exploration company’s stock valued at $476,000 after buying an additional 314 shares during the period. Naviter Wealth LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $410,000. Marble Harbor Investment Counsel LLC raised its position in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock valued at $12,630,000 after purchasing an additional 3,150 shares during the period. Larson Financial Group LLC raised its holdings in EOG Resources by 6.3% during the fourth quarter. Larson Financial Group LLC now owns 4,478 shares of the energy exploration company’s stock valued at $549,000 after acquiring an additional 265 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in EOG Resources in the 4th quarter worth approximately $1,606,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Morgan Stanley dropped their price objective on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Bank of America reissued a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Barclays dropped their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.80.

EOG Resources Stock Performance

EOG Resources stock opened at $125.41 on Friday. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a market cap of $69.47 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock’s 50-day moving average is $129.50 and its 200-day moving average is $127.72.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

EOG Resources 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.