BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 12,997 Shares of EOG Resources, Inc. (NYSE:EOG)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in EOG Resources in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd raised its position in shares of EOG Resources by 149.4% during the fourth 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 position in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of EOG Resources during the fourth quarter worth $28,000. Institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EOG shares. Mizuho dropped their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley increased their price objective on EOG Resources from $131.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. KeyCorp lowered their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Raymond James restated a "strong-buy" rating on shares of EOG Resources in a report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction 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 approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

EOG Resources Trading Up 0.9%

Shares of NYSE:EOG traded up $0.99 during midday trading on Tuesday, hitting $111.17. 1,704,476 shares of the stock were exchanged, compared to its average volume of 3,287,803. The business's 50-day moving average price is $114.41 and its 200 day moving average price is $123.73. The stock has a market capitalization of $60.68 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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

EOG Resources Dividend Announcement

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

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.