Sompo Asset Management Co. Ltd. Sells 2,590 Shares of EOG Resources, Inc. (NYSE:EOG)

Sompo Asset Management Co. Ltd. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 25.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,450 shares of the energy exploration company’s stock after selling 2,590 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in EOG Resources were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EOG. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on EOG shares. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Susquehanna decreased their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.52.

EOG Resources Trading Up 2.0 %

Shares of EOG stock opened at $111.28 on Wednesday. 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 cap of $61.38 billion, a price-to-earnings ratio of 8.96, a PEG 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. The firm has a fifty day moving average price of $121.55 and a 200-day moving average price of $126.14.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Insider Activity 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 shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

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.