PensionDanmark Pensionsforsikringsaktieselskab Has $13.65 Million Position in EOG Resources, Inc. $EOG

PensionDanmark Pensionsforsikringsaktieselskab lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,214 shares of the energy exploration company’s stock after selling 60,088 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in EOG Resources were worth $13,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the period. Prosperity Bancshares Inc bought a new position in shares of EOG Resources during the fourth quarter valued at $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources in the fourth quarter valued at about $30,000. Finally, Financial Life Planners acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EOG shares. Barclays increased their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Stephens lowered their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $156.32.

EOG Resources Price Performance

Shares of EOG stock opened at $134.61 on Friday. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 10.48 and a beta of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $137.23 and a 200 day moving average price of $132.37.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the company posted $2.32 EPS. The company’s revenue was up 57.4% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 16.3 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is 40.16%.

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.