Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 25.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 909,193 shares of the energy exploration company’s stock after selling 311,908 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in EOG Resources were worth $64,203,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC lifted its stake in shares of EOG Resources by 16.7% in the first quarter. CVA Family Office LLC now owns 1,050 shares of the energy exploration company’s stock valued at $76,000 after buying an additional 150 shares in the last quarter. JJJ Advisors Inc. lifted its stake in shares of EOG Resources by 49.1% in the first quarter. JJJ Advisors Inc. now owns 483 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 159 shares in the last quarter. Ferris Capital LLC lifted its position in shares of EOG Resources by 1.9% during the fourth quarter. Ferris Capital LLC now owns 10,769 shares of the energy exploration company’s stock valued at $537,000 after purchasing an additional 196 shares in the last quarter. S.A. Mason LLC lifted its position in shares of EOG Resources by 6.5% during the first quarter. S.A. Mason LLC now owns 3,300 shares of the energy exploration company’s stock valued at $239,000 after purchasing an additional 200 shares in the last quarter. Finally, CX Institutional lifted its position in shares of EOG Resources by 25.8% during the first quarter. CX Institutional now owns 985 shares of the energy exploration company’s stock valued at $71,000 after purchasing an additional 202 shares in the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on EOG. The Goldman Sachs Group restated a “neutral” rating and set a $80.00 price objective (down previously from $85.00) on shares of EOG Resources in a report on Monday, April 26th. US Capital Advisors cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, March 12th. Bank of America reaffirmed a “neutral” rating on shares of EOG Resources in a research note on Monday, March 22nd. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $72.00 to $86.00 in a research report on Thursday, April 15th. Finally, Tudor Pickering reiterated a “hold” rating on shares of EOG Resources in a report on Monday, March 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.16.
EOG opened at $86.17 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The company has a market cap of $50.29 billion, a PE ratio of 861.79, a P/E/G ratio of 4.94 and a beta of 2.16. The company’s 50-day moving average is $77.68. EOG Resources, Inc. has a 52-week low of $31.22 and a 52-week high of $87.99.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 6th. The energy exploration company reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.18. EOG Resources had a net margin of 0.63% and a return on equity of 7.24%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was down 21.7% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 5.87 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Friday, July 30th. Stockholders of record on Friday, July 16th will be paid a $1.00 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, July 15th. EOG Resources’s dividend payout ratio (DPR) is presently 113.01%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.
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