Asset Management One Co. Ltd. Acquires 12,720 Shares of EOG Resources, Inc. (NYSE:EOG)

Asset Management One Co. Ltd. lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,730 shares of the energy exploration company's stock after purchasing an additional 12,720 shares during the quarter. Asset Management One Co. Ltd.'s holdings in EOG Resources were worth $31,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new position in EOG Resources in the 4th quarter worth about $28,000. Heritage Wealth Advisors raised its position in EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after buying an additional 208 shares during the last quarter. Ameriflex Group Inc. purchased a new position in EOG Resources in the 4th quarter worth about $36,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in EOG Resources in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $1.24 during mid-day trading on Thursday, reaching $121.06. 2,703,905 shares of the company traded hands, compared to its average volume of 3,384,440. The company's 50 day moving average price is $114.28 and its 200-day moving average price is $121.45. The firm has a market cap of $66.07 billion, a PE ratio of 11.23, a PEG ratio of 9.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.37%. EOG Resources's payout ratio is 36.18%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Stephens initiated coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday. Finally, UBS Group reissued a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $139.48.

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.