KLP Kapitalforvaltning AS Increases Stock Position in EOG Resources, Inc. $EOG

KLP Kapitalforvaltning AS lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 390,803 shares of the energy exploration company’s stock after acquiring an additional 52,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in EOG Resources were worth $41,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $404,000. Meritage Portfolio Management lifted its position in shares of EOG Resources by 54.7% in the 4th quarter. Meritage Portfolio Management now owns 98,339 shares of the energy exploration company’s stock worth $10,327,000 after purchasing an additional 34,790 shares during the period. Novem Group bought a new position in shares of EOG Resources during the 4th quarter worth approximately $1,016,000. Summit Financial Wealth Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $229,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of EOG Resources by 19.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,677 shares of the energy exploration company’s stock worth $491,000 after acquiring an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, March 27th. Citigroup reduced their price objective on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Wolfe Research boosted their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Wells Fargo & Company boosted their price objective on shares of EOG Resources from $155.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, BMO Capital Markets boosted their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.11.

Insiders Place Their Bets

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock worth $2,522,568 in the last quarter. Company insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 2.7%

Shares of EOG Resources stock opened at $132.68 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The firm has a market capitalization of $71.08 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.58 and a beta of 0.32. The firm’s 50 day simple moving average is $132.82 and its two-hundred day simple moving average is $116.46.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the prior year, the business posted $2.74 EPS. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 13.4 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio is presently 44.79%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.