Mitsubishi UFJ Asset Management Co. Ltd. Buys 64,641 Shares of EOG Resources, Inc. (NYSE:EOG)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 921,542 shares of the energy exploration company’s stock after acquiring an additional 64,641 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of EOG Resources worth $116,634,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $730,000. Mountain Lake Investment Management LLC bought a new stake in EOG Resources during the fourth quarter worth $735,000. Oak Ridge Investments LLC lifted its stake in EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Tobam acquired a new position in shares of EOG Resources during the 4th quarter worth about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after purchasing an additional 2,773 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on EOG. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Barclays dropped their price objective on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.67.

EOG Resources Price Performance

EOG stock opened at $126.84 on Friday. The company’s 50-day moving average price is $128.43 and its two-hundred day moving average price is $127.61. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $70.26 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.58 and a beta of 1.25.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.07%. EOG Resources’s payout ratio is currently 34.73%.

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.