Parvin Asset Management LLC Takes Position in EOG Resources, Inc. $EOG

Parvin Asset Management LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 13,435 shares of the energy exploration company’s stock, valued at approximately $1,743,000. EOG Resources comprises 1.4% of Parvin Asset Management LLC’s holdings, making the stock its 12th biggest holding.

Several other institutional investors have also recently made changes to their positions in EOG. Ilmarinen Mutual Pension Insurance Co grew its stake in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after purchasing an additional 7,877 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after buying an additional 24,984 shares during the last quarter. Cumberland Partners Ltd boosted its position in EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after buying an additional 12,562 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in EOG Resources by 8.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after acquiring an additional 24,960 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.3%

EOG opened at $144.95 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The company has a market cap of $76.03 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The company has a 50-day moving average price of $139.64 and a 200 day moving average price of $135.92.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio is presently 31.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EOG. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. DA Davidson upped their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Roth Capital reaffirmed a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $156.00.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

About EOG Resources

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.