Investment Management Corp of Ontario Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Investment Management Corp of Ontario lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,490 shares of the energy exploration company's stock after acquiring an additional 5,252 shares during the quarter. Investment Management Corp of Ontario's holdings in EOG Resources were worth $7,537,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Essex Financial Services Inc. raised its stake in EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after purchasing an additional 79 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after buying an additional 80 shares in the last quarter. 1ST Source Bank lifted its holdings in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after acquiring an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its holdings in EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.3 %

NYSE EOG opened at $111.13 on Friday. The firm has a market capitalization of $60.65 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The business's 50-day moving average price is $116.68 and its two-hundred day moving average price is $124.53. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, July 17th. EOG Resources's payout ratio is 36.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Mizuho reaffirmed a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. KeyCorp lowered their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, UBS Group reduced their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.95.

Insider Transactions at EOG Resources

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

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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