Korea Investment CORP Buys 45,840 Shares of EOG Resources, Inc. (NYSE:EOG)

Korea Investment CORP raised its stake in EOG Resources, Inc. (NYSE:EOG) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 422,459 shares of the energy exploration company’s stock after buying an additional 45,840 shares during the period. Korea Investment CORP owned about 0.08% of EOG Resources worth $51,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd lifted its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 1.8 %

Shares of EOG Resources stock opened at $126.84 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $128.43 and a 200 day simple moving average of $127.61. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a market capitalization of $70.26 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.96 billion. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.07%. EOG Resources’s dividend payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EOG. Wells Fargo & Company cut their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. UBS Group lowered their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Barclays cut their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Finally, Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.67.

EOG Resources Company Profile

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.