Mirae Asset Global Investments Co. Ltd. Has $71.21 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,510 shares of the energy exploration company's stock after purchasing an additional 56,023 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.10% of EOG Resources worth $71,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG raised its stake in shares of EOG Resources by 56.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock worth $30,449,000 after buying an additional 89,521 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $217,000. Los Angeles Capital Management LLC raised its holdings in shares of EOG Resources by 40.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 31,148 shares of the energy exploration company's stock worth $3,818,000 after purchasing an additional 9,047 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of EOG Resources by 10.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 3,649 shares of the energy exploration company's stock worth $447,000 after purchasing an additional 354 shares in the last quarter. Finally, Advisor OS LLC raised its holdings in shares of EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company's stock worth $337,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James Financial upped their price target on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Mizuho cut 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. Barclays boosted their target price on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.48.

EOG Resources Stock Down 0.3%

NYSE:EOG traded down $0.31 during mid-day trading on Friday, reaching $120.82. The stock had a trading volume of 4,187,331 shares, compared to its average volume of 3,398,639. The business's 50 day moving average is $114.70 and its 200 day moving average is $121.36. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market cap of $65.94 billion, a P/E ratio of 11.21, a PEG ratio of 9.73 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 (NYSE:EOG - Get Free Report) last posted 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. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following 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 document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company 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.