Sumitomo Mitsui Asset Management Company LTD Boosts Stake in EOG Resources Inc (EOG)

Sumitomo Mitsui Asset Management Company LTD lifted its position in EOG Resources Inc (NYSE:EOG) by 2.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 56,531 shares of the energy exploration company’s stock after buying an additional 1,605 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in EOG Resources were worth $5,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Valeo Financial Advisors LLC raised its stake in shares of EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after buying an additional 113 shares in the last quarter. Guidant Wealth Advisors raised its position in shares of EOG Resources by 50.5% during the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the period. Essex Savings Bank raised its position in shares of EOG Resources by 87.0% during the first quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Athena Capital Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $46,000. Finally, Legacy Financial Advisors Inc. raised its position in shares of EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after purchasing an additional 287 shares during the period. 88.25% of the stock is currently owned by institutional investors.

Shares of EOG traded down $1.35 during mid-day trading on Friday, reaching $93.83. The stock had a trading volume of 64,426 shares, compared to its average volume of 3,687,520. The firm has a market cap of $54.76 billion, a P/E ratio of 17.04, a PEG ratio of 1.16 and a beta of 1.24. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94.



EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Equities analysts anticipate that EOG Resources Inc will post 5.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.23%. EOG Resources’s dividend payout ratio is currently 15.88%.

In related news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now owns 120,052 shares in the company, valued at $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on EOG shares. Raymond James set a $124.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. ValuEngine lowered EOG Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Goldman Sachs Group lowered EOG Resources to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley set a $106.00 target price on EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Finally, Oppenheimer started coverage on EOG Resources in a research report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $121.40.

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About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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