Ontario Teachers Pension Plan Board Increases Holdings in EOG Resources, Inc. (NYSE:EOG)

Ontario Teachers Pension Plan Board boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 285.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,971 shares of the energy exploration company’s stock after purchasing an additional 25,151 shares during the period. Ontario Teachers Pension Plan Board’s holdings in EOG Resources were worth $4,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in EOG Resources during the fourth quarter valued at $5,888,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of EOG Resources during the 4th quarter valued at $4,906,000. XTX Topco Ltd bought a new position in EOG Resources in the 4th quarter worth $2,477,000. Belpointe Asset Management LLC raised its holdings in EOG Resources by 8.5% during the fourth quarter. Belpointe Asset Management LLC now owns 18,480 shares of the energy exploration company’s stock valued at $2,381,000 after acquiring an additional 1,455 shares during the period. Finally, Mariner LLC grew its position in shares of EOG Resources by 7.5% during the fourth quarter. Mariner LLC now owns 111,571 shares of the energy exploration company’s stock worth $13,676,000 after purchasing an additional 7,763 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.8 %

EOG stock opened at $107.63 on Tuesday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $59.36 billion, a P/E ratio of 8.67, a PEG ratio of 3.58 and a beta of 0.93. The company has a 50 day moving average price of $123.87 and a two-hundred day moving average price of $126.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.62%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Analyst Ratings Changes

Several research firms have recently commented on EOG. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Raymond James raised their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.19.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Company 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.