EOG Resources, Inc. (NYSE:EOG) Position Increased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 285.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,971 shares of the energy exploration company’s stock after buying an additional 25,151 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in EOG Resources were worth $4,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EOG. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of EOG Resources during the fourth quarter worth $5,888,000. Canada Post Corp Registered Pension Plan acquired a new stake in EOG Resources during the 4th quarter worth about $4,906,000. XTX Topco Ltd purchased a new stake in EOG Resources during the fourth quarter valued at about $2,477,000. Belpointe Asset Management LLC boosted its holdings in shares of EOG Resources by 8.5% in the fourth quarter. Belpointe Asset Management LLC now owns 18,480 shares of the energy exploration company’s stock worth $2,381,000 after buying an additional 1,455 shares during the period. Finally, Mariner LLC increased its position in shares of EOG Resources by 7.5% in the fourth quarter. Mariner LLC now owns 111,571 shares of the energy exploration company’s stock worth $13,676,000 after acquiring an additional 7,763 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $107.63 on Tuesday. The firm has a 50 day simple moving average of $123.87 and a 200 day simple moving average of $126.91. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. 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 $59.36 billion, a P/E ratio of 8.67, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America reaffirmed 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. Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Mizuho reissued a “neutral” rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a research 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 company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $144.19.

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.