Nomura Asset Management Co. Ltd. Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Nomura Asset Management Co. Ltd. lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,449 shares of the energy exploration company’s stock after selling 285 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in EOG Resources were worth $32,294,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC increased its position in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. grew its stake in EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after buying an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth $171,193,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in EOG Resources by 577.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Piper Sandler reduced their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price objective 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. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Trading Down 0.1 %

NYSE EOG opened at $126.55 on Friday. The firm has a market capitalization of $70.10 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a 50-day simple moving average of $128.23 and a 200-day simple moving average of $127.71. 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 (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

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.