Financiere des Professionnels Fonds d investissement inc. Buys 35,800 Shares of EOG Resources, Inc. $EOG

Financiere des Professionnels Fonds d investissement inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 3,977.8% in the first quarter, Holdings Channel reports. The firm owned 36,700 shares of the energy exploration company’s stock after buying an additional 35,800 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in EOG Resources were worth $5,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Concurrent Investment Advisors LLC raised its holdings in shares of EOG Resources by 66.4% in the 4th 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 boosted its stake in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after purchasing an additional 24,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after purchasing an additional 24,984 shares in the last quarter. Cumberland Partners Ltd increased its holdings in EOG Resources by 432.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after buying an additional 12,562 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in EOG Resources by 8.8% during the fourth 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. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.7%

NYSE:EOG opened at $138.41 on Friday. The stock has a market capitalization of $73.72 billion, a price-to-earnings ratio of 13.62 and a beta of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $135.72 and a 200 day moving average of $128.47.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EOG. Citigroup reduced their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada increased their target price on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Raymond James Financial cut their price target on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a report on Monday, June 22nd. The Goldman Sachs Group reduced their price target on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Finally, Barclays upped their price objective on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.04.

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.