EOG Resources, Inc. (NYSE:EOG) Shares Bought by Unigestion Holding SA

Unigestion Holding SA boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 22.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,850 shares of the energy exploration company's stock after buying an additional 40,467 shares during the quarter. EOG Resources accounts for approximately 1.6% of Unigestion Holding SA's portfolio, making the stock its 17th largest holding. Unigestion Holding SA's holdings in EOG Resources were worth $27,809,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mountain Lake Investment Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $735,000. Silvercrest Asset Management Group LLC grew its holdings 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 buying an additional 106,677 shares during the last quarter. Tobam acquired a new stake in EOG Resources during the 4th quarter valued at $352,000. Marble Harbor Investment Counsel LLC increased its position in EOG Resources by 3.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock worth $12,630,000 after buying an additional 3,150 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of EOG Resources by 10.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,112 shares of the energy exploration company's stock worth $14,601,000 after acquiring an additional 10,910 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EOG. Morgan Stanley increased their price objective on EOG Resources from $132.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday. Bank of America reduced their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Citigroup reduced their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $139.58.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Trading Up 0.1%

EOG stock traded up $0.16 during midday trading on Thursday, reaching $110.93. 2,697,090 shares of the company's stock traded hands, compared to its average volume of 3,276,881. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The business has a 50-day moving average price of $112.16 and a two-hundred day moving average price of $122.74. The company has a market capitalization of $60.55 billion, a P/E ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.68%. EOG Resources's dividend payout ratio is presently 36.18%.

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.