Scotia Capital Inc. Acquires 835 Shares of EOG Resources, Inc. (NYSE:EOG)

Scotia Capital Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 19,736 shares of the energy exploration company’s stock after purchasing an additional 835 shares during the period. Scotia Capital Inc.’s holdings in EOG Resources were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also 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 about $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources in the 4th quarter valued at about $735,000. Oak Ridge Investments LLC raised its holdings in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares during the period. Tobam acquired a new stake in EOG Resources during the fourth quarter worth approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of EOG Resources by 161.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after acquiring an additional 2,773 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $108.62 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $139.67. 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 stock’s 50-day simple moving average is $124.28 and its 200 day simple moving average is $126.97. The firm has a market capitalization of $59.91 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company 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%. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS 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. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.59%. EOG Resources’s payout ratio is presently 34.73%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the company from $150.00 to $130.00 in a research report on Friday. Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Mizuho reissued a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources 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.