Canada Pension Plan Investment Board Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Canada Pension Plan Investment Board lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,487 shares of the energy exploration company’s stock after acquiring an additional 2,185 shares during the quarter. Canada Pension Plan Investment Board’s holdings in EOG Resources were worth $18,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EOG. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. UBS Group lowered their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Citigroup cut their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $144.19.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $110.53 on Monday. The business has a 50 day moving average price of $122.29 and a two-hundred day moving average price of $126.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given 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 3.53%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

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.