Sumitomo Mitsui DS Asset Management Company Ltd Purchases 5,989 Shares of EOG Resources, Inc. (NYSE:EOG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,101 shares of the energy exploration company's stock after purchasing an additional 5,989 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in EOG Resources were worth $16,043,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at $28,000. Heritage Wealth Advisors raised its stake in EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in EOG Resources during the first quarter worth $34,000. Finally, Ameriflex Group Inc. acquired a new position in EOG Resources during the fourth quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Up 1.3%

Shares of NYSE EOG traded up $1.63 during mid-day trading on Friday, reaching $124.51. 1,437,151 shares of the company's stock were exchanged, compared to its average volume of 3,404,661. The firm has a market capitalization of $67.95 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $115.78 and a 200 day simple moving average of $121.26. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 22.35% and a net margin of 26.14%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.28%. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EOG. Mizuho dropped their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays increased their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Susquehanna dropped their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Stephens began coverage on EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.