Mizuho Securities USA LLC Buys 16,437 Shares of EOG Resources, Inc. (NYSE:EOG)

Mizuho Securities USA LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 44.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,308 shares of the energy exploration company’s stock after purchasing an additional 16,437 shares during the quarter. Mizuho Securities USA LLC’s holdings in EOG Resources were worth $6,534,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in EOG Resources by 6.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 30,709 shares of the energy exploration company’s stock worth $3,775,000 after purchasing an additional 1,843 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of EOG Resources by 3.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,603 shares of the energy exploration company’s stock worth $320,000 after buying an additional 93 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in EOG Resources in the third quarter worth $208,000. Citizens Financial Group Inc. RI grew its stake in shares of EOG Resources by 4.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,348 shares of the energy exploration company’s stock valued at $412,000 after buying an additional 144 shares during the period. Finally, Banco Santander S.A. increased its holdings in shares of EOG Resources by 54.1% during the third quarter. Banco Santander S.A. now owns 3,545 shares of the energy exploration company’s stock valued at $436,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EOG shares. Piper Sandler decreased their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Bank of America reaffirmed a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Price Performance

EOG Resources stock opened at $124.91 on Friday. The stock has a market cap of $69.19 billion, a price-to-earnings ratio of 10.06, a PEG 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. The business has a 50-day simple moving average of $129.11 and a 200 day simple moving average of $127.47. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is 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.