Elo Mutual Pension Insurance Co Has $6.29 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Elo Mutual Pension Insurance Co lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,954 shares of the energy exploration company's stock after selling 12,097 shares during the period. Elo Mutual Pension Insurance Co's holdings in EOG Resources were worth $6,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MUFG Securities EMEA plc bought a new stake in shares of EOG Resources during the fourth quarter worth $5,443,000. Dai ichi Life Insurance Company Ltd lifted its position in EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company's stock valued at $5,620,000 after purchasing an additional 6,154 shares during the period. Artisan Partners Limited Partnership grew its holdings in EOG Resources by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company's stock worth $119,868,000 after acquiring an additional 22,638 shares during the period. DRW Securities LLC lifted its stake in shares of EOG Resources by 871.7% in the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company's stock valued at $2,527,000 after purchasing an additional 18,741 shares during the period. Finally, UniSuper Management Pty Ltd grew its stake in shares of EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock worth $1,998,000 after purchasing an additional 10,868 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

NYSE:EOG traded up $0.82 during mid-day trading on Thursday, reaching $125.20. 4,356,474 shares of the company's stock were exchanged, compared to its average volume of 3,194,146. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The business's fifty day simple moving average is $125.70 and its two-hundred day simple moving average is $126.42. The firm has a market capitalization of $71.95 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio (DPR) is currently 28.75%.

Analysts Set New Price Targets

EOG has been the subject of several analyst reports. UBS Group decreased their target price on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a report on Monday. Citigroup boosted their price target on EOG Resources from $124.00 to $130.00 and gave the company a "neutral" rating in a report on Friday, May 24th. Wolfe Research began coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, Scotiabank lowered their price target on EOG Resources from $155.00 to $150.00 and set a "sector perform" rating on the stock in a research report on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $142.89.

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.