Generali Investments Management Co LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Generali Investments Management Co LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 148.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,158 shares of the energy exploration company's stock after buying an additional 10,240 shares during the quarter. Generali Investments Management Co LLC's holdings in EOG Resources were worth $2,200,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources during the 4th quarter valued at approximately $735,000. Silvercrest Asset Management Group LLC increased its position in EOG Resources by 14.8% during 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 purchasing an additional 106,677 shares during the period. Tobam acquired a new stake in EOG Resources during the 4th quarter valued at approximately $352,000. Marble Harbor Investment Counsel LLC increased its position in 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 period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in EOG Resources by 10.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,112 shares of the energy exploration company's stock valued at $14,601,000 after purchasing an additional 10,910 shares during the period. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $2.90 during mid-day trading on Friday, reaching $113.93. 3,055,891 shares of the company's stock were exchanged, compared to its average volume of 3,274,994. The firm has a market capitalization of $62.18 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a 50-day moving average price of $111.51 and a two-hundred day moving average price of $122.42.

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

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.58%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analyst Ratings Changes

EOG has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Mizuho reduced their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $139.58.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated 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 transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Company 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.