EOG Resources, Inc. (NYSE:EOG) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,257 shares of the energy exploration company's stock after buying an additional 4,378 shares during the quarter. Daiwa Securities Group Inc.'s holdings in EOG Resources were worth $9,102,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources in the 3rd quarter valued at $31,000. Atria Investments Inc increased its holdings in EOG Resources by 2.2% in the third quarter. Atria Investments Inc now owns 48,877 shares of the energy exploration company's stock valued at $6,008,000 after buying an additional 1,075 shares during the last quarter. Covestor Ltd raised its stake in EOG Resources by 11.2% in the third quarter. Covestor Ltd now owns 1,078 shares of the energy exploration company's stock valued at $133,000 after buying an additional 109 shares in the last quarter. Sigma Planning Corp lifted its holdings in EOG Resources by 4.3% during the 3rd quarter. Sigma Planning Corp now owns 6,242 shares of the energy exploration company's stock worth $767,000 after buying an additional 259 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of EOG Resources by 28.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 28,584 shares of the energy exploration company's stock worth $3,514,000 after acquiring an additional 6,300 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 1.2 %

NYSE EOG opened at $124.37 on Wednesday. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The firm has a 50-day moving average price of $129.64 and a 200 day moving average price of $127.73. The stock has a market capitalization of $68.89 billion, a P/E ratio of 10.01, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.14%. EOG Resources's payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was 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 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EOG. Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. UBS Group cut their price objective on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. 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 report on Wednesday, February 12th. Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $146.19.

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.

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