Capital World Investors Acquires 2,270,013 Shares of EOG Resources, Inc. (NYSE:EOG)

Capital World Investors increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 45,919,327 shares of the energy exploration company’s stock after buying an additional 2,270,013 shares during the quarter. EOG Resources comprises about 0.9% of Capital World Investors’ portfolio, making the stock its 25th largest holding. Capital World Investors owned about 0.08% of EOG Resources worth $5,628,497,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in EOG Resources by 15.7% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock valued at $226,000 after buying an additional 250 shares during the period. Chelsea Counsel Co. raised its stake in shares of EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock valued at $641,000 after acquiring an additional 100 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $730,000. Wilmington Savings Fund Society FSB grew its stake in EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock worth $8,822,000 after purchasing an additional 15,186 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in EOG Resources by 4.7% during the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company’s stock worth $7,227,000 after purchasing an additional 2,634 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $110.53 on Friday. 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 business has a fifty day moving average of $122.29 and a 200 day moving average of $126.45. The firm has a market capitalization of $60.96 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. EOG Resources’s payout ratio is currently 34.73%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EOG. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Citigroup dropped their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.19.

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.