UniSuper Management Pty Ltd Purchases 7,923 Shares of EOG Resources, Inc. (NYSE:EOG)

UniSuper Management Pty Ltd boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 24.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,405 shares of the energy exploration company’s stock after purchasing an additional 7,923 shares during the period. UniSuper Management Pty Ltd’s holdings in EOG Resources were worth $4,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of EOG Resources in the third quarter valued at approximately $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources in the 4th quarter valued at $735,000. Oak Ridge Investments LLC boosted its stake in EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares in the last quarter. Tobam bought a new stake in shares of EOG Resources during the fourth quarter worth $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of EOG Resources by 161.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after buying an additional 2,773 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 0.1 %

NYSE EOG opened at $126.55 on Friday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $70.10 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. The stock’s 50-day moving average is $128.23 and its 200-day moving average is $127.65.

EOG Resources (NYSE:EOG) last announced its earnings results 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EOG shares. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Bank of America reaffirmed a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Mizuho reaffirmed a “neutral” rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.