DnB Asset Management AS Has $21.64 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

DnB Asset Management AS grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,571 shares of the energy exploration company’s stock after acquiring an additional 3,570 shares during the quarter. DnB Asset Management AS’s holdings in EOG Resources were worth $21,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% during the fourth 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 in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $144.67.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

EOG Resources Stock Performance

EOG stock opened at $126.55 on Friday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The business’s 50-day moving average price is $128.23 and its two-hundred day moving average price is $127.65. The firm has a market cap of $70.10 billion, a PE ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Announces Dividend

The company 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 dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. EOG Resources’s dividend payout ratio is presently 34.73%.

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.