Korea Investment CORP Has $61.86 Million Holdings in EOG Resources, Inc. $EOG

Korea Investment CORP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 551,683 shares of the energy exploration company’s stock after selling 35,801 shares during the period. Korea Investment CORP owned about 0.10% of EOG Resources worth $61,855,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources during the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter worth $35,000. Salomon & Ludwin LLC raised its position in EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the 3rd quarter valued at $37,000. Finally, Quent Capital LLC bought a new position in EOG Resources during the 3rd quarter valued at $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 7,774 shares of company stock valued at $945,895 in the last quarter. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 0.5%

EOG stock opened at $131.74 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $134.00. The stock has a 50-day simple moving average of $113.78 and a two-hundred day simple moving average of $112.08.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the prior year, the company posted $2.74 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio is presently 44.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. UBS Group raised their price target on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Finally, Johnson Rice reduced their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $135.31.

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.