BI Asset Management Fondsmaeglerselskab A S Buys 15,180 Shares of EOG Resources, Inc. (NYSE:EOG)

BI Asset Management Fondsmaeglerselskab A S increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,136 shares of the energy exploration company's stock after purchasing an additional 15,180 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in EOG Resources were worth $12,152,000 at the end of the most recent quarter.

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

EOG Resources Price Performance

NYSE:EOG traded up $0.25 during mid-day trading on Wednesday, hitting $111.57. 3,037,932 shares of the stock traded hands, compared to its average volume of 3,237,862. The business's 50-day moving average price is $121.55 and its 200 day moving average price is $126.14. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $61.54 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value 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 approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. Mizuho reissued a "neutral" rating and issued a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Piper Sandler dropped their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, KeyCorp decreased their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.33.

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.