Generali Investments Management Co LLC Has $1.74 Million Stock Holdings in EOG Resources, Inc. $EOG

Generali Investments Management Co LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,599 shares of the energy exploration company’s stock after selling 2,559 shares during the quarter. Generali Investments Management Co LLC’s holdings in EOG Resources were worth $1,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. Integrated Quantitative Investments LLC bought a new position in shares of EOG Resources in the second quarter valued at $451,000. Citizens Financial Group Inc. RI lifted its stake in EOG Resources by 51.8% in the second quarter. Citizens Financial Group Inc. RI now owns 8,690 shares of the energy exploration company’s stock valued at $1,039,000 after acquiring an additional 2,966 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in EOG Resources by 28.7% in the second quarter. Ontario Teachers Pension Plan Board now owns 42,839 shares of the energy exploration company’s stock valued at $5,124,000 after acquiring an additional 9,561 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of EOG Resources by 5.8% in the 2nd quarter. Avantax Advisory Services Inc. now owns 82,628 shares of the energy exploration company’s stock valued at $9,883,000 after acquiring an additional 4,503 shares during the period. Finally, MJP Associates Inc. ADV acquired a new position in shares of EOG Resources during the 2nd quarter worth about $223,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EOG. Wells Fargo & Company cut their target price on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Royal Bank Of Canada raised their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Melius assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Mizuho decreased their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Jefferies Financial Group set a $145.00 price target on EOG Resources in a report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $140.31.

EOG Resources Stock Performance

EOG opened at $110.31 on Friday. The business has a fifty day simple moving average of $111.01 and a 200 day simple moving average of $115.45. The company has a market capitalization of $59.85 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. 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 (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business earned $2.89 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.7%. EOG Resources’s payout ratio is 40.64%.

About EOG Resources

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.