Nan Shan Life Insurance Co. Ltd. Has $650,000 Stake in EOG Resources, Inc. $EOG

Key Points

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Nan Shan Life Insurance Co. Ltd. lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 95.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,069 shares of the energy exploration company's stock after selling 100,000 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in EOG Resources were worth $650,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Bank Pictet & Cie Europe AG lifted its position 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 purchasing an additional 89,521 shares during the period. NewEdge Advisors LLC lifted its position in shares of EOG Resources by 13.7% during the 4th quarter. NewEdge Advisors LLC now owns 19,204 shares of the energy exploration company's stock valued at $2,354,000 after acquiring an additional 2,307 shares during the period. Marshall Wace LLP lifted its position in shares of EOG Resources by 266.5% during the 4th quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company's stock valued at $3,594,000 after acquiring an additional 21,319 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of EOG Resources by 1.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 150,487 shares of the energy exploration company's stock valued at $18,447,000 after acquiring an additional 2,185 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of EOG Resources by 4.1% during the 4th quarter. MML Investors Services LLC now owns 40,309 shares of the energy exploration company's stock valued at $4,941,000 after acquiring an additional 1,601 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction 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 owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $117.60 on Tuesday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a market cap of $64.21 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 9.15 and a beta of 0.80. The company has a fifty day moving average price of $120.36 and a 200-day moving average price of $119.27.

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

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 39.65%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Bank of America dropped their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. KeyCorp dropped their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Stephens initiated coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price on the stock. Susquehanna boosted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Twelve 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.71.

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.

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