MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 2,713 Shares of EOG Resources, Inc. $EOG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EOG Resources by 2.4%, acquiring an additional 2,713 shares in the first quarter, bringing its total holdings to 113,473 shares valued at approximately $14.55 million.
• Several other institutional investors, including Granite Harbor Advisors and FSM Wealth Advisors, also expanded their positions in EOG Resources during the same period, with institutional ownership now totaling 89.91% of the company's stock.
• EOG Resources reported earnings of $2.32 per share for the latest quarter, exceeding analysts' estimates, but experienced a 9.1% year-over-year decline in revenue compared to the previous year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,473 shares of the energy exploration company's stock after purchasing an additional 2,713 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in EOG Resources were worth $14,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Bank Pictet & Cie Europe AG increased 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 acquiring an additional 89,521 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of EOG Resources in the 4th quarter worth about $192,000. Ethic Inc. bought a new position in shares of EOG Resources in the 4th quarter worth about $537,000. Lazard Asset Management LLC increased its stake in shares of EOG Resources by 9.5% in the 4th quarter. Lazard Asset Management LLC now owns 126,974 shares of the energy exploration company's stock worth $15,563,000 after acquiring an additional 11,003 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in shares of EOG Resources in the 4th quarter worth about $7,972,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction that occurred 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 sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stephens assumed coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. UBS Group increased their price target on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Argus lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Melius began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $143.52.

EOG Resources Stock Down 1.5%

NYSE:EOG traded down $1.80 on Friday, reaching $118.20. 1,967,189 shares of the stock traded hands, compared to its average volume of 2,275,035. The company has a market capitalization of $64.54 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 9.19 and a beta of 0.85. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company's fifty day simple moving average is $119.80 and its 200 day simple moving average is $118.10.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the business earned $3.16 EPS. EOG Resources's revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.