Ilmarinen Mutual Pension Insurance Co Buys 24,500 Shares of EOG Resources, Inc. $EOG

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 39.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 87,000 shares of the energy exploration company’s stock after acquiring an additional 24,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in EOG Resources were worth $9,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the period. Capital Research Global Investors increased its stake in EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after acquiring an additional 122,486 shares during the period. Geode Capital Management LLC increased its stake in EOG Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after acquiring an additional 95,260 shares during the period. Finally, Northern Trust Corp increased its stake in EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after acquiring an additional 49,987 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.2%

Shares of EOG stock opened at $134.52 on Friday. The stock’s fifty day moving average price is $138.09 and its two-hundred day moving average price is $121.67. The company has a market cap of $71.65 billion, a PE ratio of 13.24 and a beta of 0.27. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.87 EPS. Equities analysts predict that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on EOG shares. DA Davidson raised their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Roth Mkm restated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. Stephens reduced their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Citigroup reaffirmed a “neutral” rating and issued a $147.00 target price (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Finally, Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.39.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.