Securian Asset Management Inc Increases Stake in EOG Resources Inc (EOG)

Securian Asset Management Inc raised its position in EOG Resources Inc (NYSE:EOG) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 59,328 shares of the energy exploration company’s stock after buying an additional 631 shares during the period. Securian Asset Management Inc’s holdings in EOG Resources were worth $5,647,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pettyjohn Wood & White Inc. increased its position in shares of EOG Resources by 3.7% in the first quarter. Pettyjohn Wood & White Inc. now owns 6,823 shares of the energy exploration company’s stock valued at $649,000 after acquiring an additional 243 shares during the last quarter. World Asset Management Inc increased its position in shares of EOG Resources by 4.6% in the first quarter. World Asset Management Inc now owns 35,742 shares of the energy exploration company’s stock valued at $3,402,000 after acquiring an additional 1,582 shares during the last quarter. Nicolet Bankshares Inc. grew its holdings in EOG Resources by 167.7% during the first quarter. Nicolet Bankshares Inc. now owns 4,671 shares of the energy exploration company’s stock worth $445,000 after purchasing an additional 2,926 shares during the period. Grandfield & Dodd LLC bought a new position in EOG Resources during the first quarter worth about $338,000. Finally, RKL Wealth Management LLC grew its holdings in EOG Resources by 1.4% during the first quarter. RKL Wealth Management LLC now owns 10,467 shares of the energy exploration company’s stock worth $1,010,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

EOG traded down $2.72 during trading on Wednesday, reaching $92.91. 2,869,900 shares of the stock traded hands, compared to its average volume of 3,941,558. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $53.98 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.24. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share. As a group, research analysts predict that EOG Resources Inc will post 5.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on EOG shares. Raymond James set a $124.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. set a $116.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Friday, January 25th. Morgan Stanley set a $106.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Tuesday, January 29th. Jefferies Financial Group restated a “hold” rating and set a $105.00 price objective on shares of EOG Resources in a report on Wednesday, January 30th. Finally, KeyCorp started coverage on EOG Resources in a report on Thursday, January 31st. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $121.84.

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About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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