BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.35 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,886 shares of the energy exploration company's stock after buying an additional 12,997 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in EOG Resources were worth $13,347,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Lee Danner & Bass Inc. acquired a new position in EOG Resources during the fourth quarter valued at approximately $28,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.00 during trading on Wednesday, reaching $111.23. 555,929 shares of the company's stock traded hands, compared to its average volume of 3,277,080. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market capitalization of $60.71 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 company has a 50 day moving average of $114.15 and a 200-day moving average of $123.64.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.51%. EOG Resources's dividend payout ratio is 36.18%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EOG shares. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Raymond James reiterated a "strong-buy" rating on shares of EOG Resources in a report on Tuesday, May 20th. Finally, Bank of America reduced their price target on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

About EOG Resources

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.