Norinchukin Bank The Has $4.76 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• Norinchukin Bank increased its stake in EOG Resources, Inc. by 18.7% in the first quarter, now holding 37,079 shares valued at approximately $4.76 million.
• The company recently declared a quarterly dividend of $1.02 per share, up from the previous $0.98, reflecting a positive outlook and an annual yield of 3.4%.
• EOG Resources achieved an EPS of $2.32 for the last quarter, exceeding estimates, despite a 9.1% year-over-year decline in revenue.

Norinchukin Bank The increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,079 shares of the energy exploration company's stock after acquiring an additional 5,850 shares during the quarter. Norinchukin Bank The's holdings in EOG Resources were worth $4,755,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. United Asset Strategies Inc. increased its holdings in shares of EOG Resources by 7.0% during the 1st quarter. United Asset Strategies Inc. now owns 7,089 shares of the energy exploration company's stock worth $909,000 after acquiring an additional 462 shares during the last quarter. TFB Advisors LLC grew its holdings in EOG Resources by 11.5% in the 1st quarter. TFB Advisors LLC now owns 2,082 shares of the energy exploration company's stock valued at $267,000 after buying an additional 214 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in EOG Resources by 34.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,482 shares of the energy exploration company's stock valued at $832,000 after buying an additional 1,656 shares in the last quarter. Capital Analysts LLC grew its holdings in EOG Resources by 6.3% in the 1st quarter. Capital Analysts LLC now owns 94,875 shares of the energy exploration company's stock valued at $12,167,000 after buying an additional 5,599 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its holdings in EOG Resources by 4.1% in the 1st quarter. Level Four Advisory Services LLC now owns 63,582 shares of the energy exploration company's stock valued at $8,154,000 after buying an additional 2,493 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Price Performance

EOG Resources stock opened at $118.2880 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $64.58 billion, a PE ratio of 11.50, a P/E/G ratio of 9.04 and a beta of 0.80. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a 50-day moving average price of $120.27 and a two-hundred day moving average price of $119.20.

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

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is 39.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EOG. Barclays upped their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Melius began coverage on EOG Resources in a research report on Wednesday. They set a "buy" rating and a $173.00 target price for the company. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Mizuho cut their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group upped their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $143.61.

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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