Toronto Dominion Bank Increases Position in EOG Resources, Inc. (NYSE:EOG)

Toronto Dominion Bank increased its stake in EOG Resources, Inc. (NYSE:EOG) by 14.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 466,051 shares of the energy exploration company’s stock after acquiring an additional 58,389 shares during the period. Toronto Dominion Bank owned about 0.08% of EOG Resources worth $59,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after acquiring an additional 146,674 shares in the last quarter. Capital World Investors boosted its position in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the period. Capital International Investors boosted its position in EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after buying an additional 766,056 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in EOG Resources by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock valued at $503,641,000 after buying an additional 176,854 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.1 %

Shares of NYSE EOG traded up $0.16 on Friday, reaching $127.20. 2,214,272 shares of the company’s stock traded hands, compared to its average volume of 3,188,579. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The business’s 50 day simple moving average is $124.73 and its two-hundred day simple moving average is $123.29. The company has a market cap of $73.10 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 2.20 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources, Inc. will post 12.1 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EOG. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Citigroup upped their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Sanford C. Bernstein cut their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Mizuho upped their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Barclays started coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $143.20.

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.