Mufg Securities Americas Inc. Takes Position in EOG Resources, Inc. (NYSE:EOG)

Mufg Securities Americas Inc. acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,304 shares of the energy exploration company's stock, valued at approximately $1,018,000.

A number of other large investors have also recently added to or reduced their stakes in EOG. Wealthfront Advisers LLC boosted its stake in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the period. Capital World Investors grew its holdings in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of EOG Resources during the 4th quarter valued at $171,193,000. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after acquiring an additional 769,362 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company'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 transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

EOG Resources Trading Down 1.0%

NYSE:EOG opened at $115.52 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $63.05 billion, a P/E ratio of 9.30, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a 50-day simple moving average of $116.22 and a 200-day simple moving average of $124.35.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. Barclays reduced their price objective on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Raymond James restated a "strong-buy" rating and set a $140.00 price target on shares of EOG Resources in a research report on Monday, April 21st. Mizuho lowered their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday. Piper Sandler lowered their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Eleven equities research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.63.

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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