Mediolanum International Funds Ltd Purchases 34,427 Shares of EOG Resources, Inc. $EOG

Mediolanum International Funds Ltd raised its position in EOG Resources, Inc. (NYSE:EOG) by 29.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,960 shares of the energy exploration company’s stock after purchasing an additional 34,427 shares during the period. Mediolanum International Funds Ltd’s holdings in EOG Resources were worth $18,478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kiker Wealth Management LLC bought a new position in EOG Resources during the second quarter worth about $627,000. Vanguard Personalized Indexing Management LLC raised its position in shares of EOG Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares in the last quarter. Jump Financial LLC bought a new position in shares of EOG Resources during the 1st quarter valued at about $2,796,000. Finally, FORA Capital LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at approximately $472,000. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on EOG shares. Wolfe Research dropped their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. Royal Bank Of Canada boosted their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group reduced their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Mizuho dropped their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $140.33.

EOG Resources Trading Up 0.9%

Shares of NYSE:EOG opened at $106.98 on Friday. The company’s 50-day moving average price is $109.93 and its two-hundred day moving average price is $115.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. 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 $58.05 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.89 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

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.