United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Holdings in EOG Resources, Inc. $EOG

Key Points

• United Super Pty Ltd opened a new position in EOG Resources during the fourth quarter, buying 290,456 shares valued at about $30.5 million. The stake represented roughly 0.05% of the company.
• Several other institutional investors also increased their EOG holdings, and overall 89.91% of the stock is owned by hedge funds and other institutions. Meanwhile, company insiders have recently sold shares, including the CFO and COO.
• EOG Resources beat quarterly earnings and revenue estimates, reporting $3.41 EPS on $6.92 billion in revenue, while also announcing a quarterly dividend of $1.02 per share for a 3.0% annualized yield.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 290,456 shares of the energy exploration company's stock, valued at approximately $30,501,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.05% of EOG Resources at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in EOG Resources by 4.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 30,048 shares of the energy exploration company's stock worth $3,155,000 after buying an additional 1,387 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its position in EOG Resources by 39.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company's stock worth $9,136,000 after buying an additional 24,500 shares during the last quarter. Intech Investment Management LLC increased its position in EOG Resources by 856.2% in the fourth quarter. Intech Investment Management LLC now owns 300,434 shares of the energy exploration company's stock worth $31,549,000 after buying an additional 269,014 shares during the last quarter. Baker Avenue Asset Management LP increased its position in EOG Resources by 30.5% in the fourth quarter. Baker Avenue Asset Management LP now owns 104,179 shares of the energy exploration company's stock worth $10,940,000 after buying an additional 24,348 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in EOG Resources by 0.7% in 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 buying an additional 95,260 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 analysts have issued reports on the company. UBS Group raised their target price on EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. DA Davidson raised their target price on EOG Resources from $148.00 to $153.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Roth Mkm reissued a "neutral" rating and issued a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. Citigroup reissued a "neutral" rating and issued a $147.00 target price (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Finally, Wolfe Research raised their target price on EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.39.

Insider Buying and Selling at EOG Resources

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

EOG Resources Price Performance

EOG Resources stock opened at $134.52 on Friday. The firm has a market capitalization of $71.65 billion, a P/E ratio of 13.24 and a beta of 0.27. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The business has a fifty day moving average price of $138.09 and a 200-day moving average price of $121.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $2.87 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

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

EOG Resources 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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