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

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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 period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in EOG Resources were worth $16,043,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC raised its position in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after buying an additional 106,677 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after purchasing an additional 2,697 shares during the last quarter. Marble Harbor Investment Counsel LLC increased its position in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after purchasing an additional 3,150 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Finally, Signet Financial Management LLC increased its position in shares of EOG Resources by 15.3% during the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock valued at $3,756,000 after purchasing an additional 3,890 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Bank of America decreased their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Price Performance

NYSE EOG traded up $1.63 during trading hours on Thursday, hitting $124.51. The company had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,460. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a 50 day simple moving average of $115.33 and a 200 day simple moving average of $121.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The firm has a market capitalization of $67.95 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 9.87 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company earned $2.82 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

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

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.