EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 285.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,971 shares of the energy exploration company's stock after purchasing an additional 25,151 shares during the period. Ontario Teachers Pension Plan Board's holdings in EOG Resources were worth $4,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Essex Financial Services Inc. lifted its stake in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. lifted its position in shares of EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. 1ST Source Bank increased its holdings in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after buying an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. raised its stake in EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after buying an additional 80 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EOG. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Bank of America reissued 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. Mizuho reiterated a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.19.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $2.29 during trading on Friday, hitting $110.53. 5,905,407 shares of the company's stock were exchanged, compared to its average volume of 3,233,376. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $60.96 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 3.58 and a beta of 0.93. The business has a 50-day simple moving average of $122.29 and a 200-day simple moving average of $126.44.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for 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, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.53%. EOG Resources's payout ratio is 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

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.