Ilmarinen Mutual Pension Insurance Co Has $9.14 Million Position in EOG Resources, Inc. $EOG

Key Points

• Ilmarinen Mutual Pension Insurance Co boosted its EOG Resources stake by 39.2% in the fourth quarter, owning 87,000 shares valued at about $9.14 million.
• Wall Street sentiment is cautiously positive: EOG has a consensus rating of “Moderate Buy” and an average price target of $156.39, with several analysts recently raising targets.
• EOG reported strong quarterly results, beating EPS and revenue estimates, and it also declared a quarterly dividend of $1.02 per share to be paid on July 31.

Ilmarinen Mutual Pension Insurance Co increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 39.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,000 shares of the energy exploration company's stock after acquiring an additional 24,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in EOG Resources were worth $9,136,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors raised its holdings in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock worth $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company's stock worth $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. Capital Research Global Investors raised its holdings in EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company's stock worth $2,794,784,000 after acquiring an additional 122,486 shares in the last quarter. Geode Capital Management LLC raised its holdings in EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company's stock worth $1,364,309,000 after acquiring an additional 95,260 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in EOG Resources by 0.8% during the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company's stock worth $669,911,000 after acquiring an additional 49,987 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on EOG Resources from $135.00 to $139.00 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. Morgan Stanley upped their target price on EOG Resources from $155.00 to $160.00 and gave the stock an "equal weight" rating in a report on Thursday, May 21st. Wall Street Zen upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Susquehanna upped their target price on EOG Resources from $144.00 to $162.00 and gave the stock a "positive" rating in a report on Tuesday, April 21st. Finally, Roth Mkm reiterated a "neutral" rating and set a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.39.

EOG Resources Price Performance

Shares of NYSE EOG opened at $134.52 on Friday. The firm has a market cap of $71.65 billion, a P/E ratio of 13.24 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The business's 50 day moving average is $138.09 and its 200-day moving average is $121.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.87 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources's dividend payout ratio (DPR) is 40.16%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by corporate insiders.

EOG Resources Company Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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