Ethic Inc. Buys New Shares in EOG Resources, Inc. (NYSE:EOG)

Ethic Inc. purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,377 shares of the energy exploration company’s stock, valued at approximately $537,000.

A number of other large investors have also added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock valued at $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Northern Trust Corp raised its holdings in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock valued at $701,036,000 after purchasing an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of EOG Resources by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EOG shares. Raymond James restated a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.63.

EOG Resources Stock Up 0.2%

NYSE:EOG opened at $115.79 on Friday. The company’s 50-day simple moving average is $116.02 and its 200-day simple moving average is $124.31. The stock has a market capitalization of $63.20 billion, a P/E ratio of 9.32, a P/E/G ratio of 3.58 and a beta of 0.78. 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, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the firm posted $2.82 EPS. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

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.