EOG Resources, Inc. (NYSE:EOG) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 280,523 shares of the energy exploration company’s stock after buying an additional 9,071 shares during the quarter. Royal London Asset Management Ltd.’s holdings in EOG Resources were worth $34,387,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Generali Investments Management Co LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at $848,000. Vinva Investment Management Ltd boosted its stake in EOG Resources by 61.4% during the fourth quarter. Vinva Investment Management Ltd now owns 82,949 shares of the energy exploration company’s stock valued at $10,002,000 after buying an additional 31,569 shares in the last quarter. Intech Investment Management LLC boosted its stake in EOG Resources by 42.0% during the fourth quarter. Intech Investment Management LLC now owns 55,738 shares of the energy exploration company’s stock valued at $6,832,000 after buying an additional 16,498 shares in the last quarter. Horizon Investments LLC boosted its stake in EOG Resources by 2.1% during the fourth quarter. Horizon Investments LLC now owns 16,064 shares of the energy exploration company’s stock valued at $1,955,000 after buying an additional 325 shares in the last quarter. Finally, RD Lewis Holdings Inc. bought a new position in EOG Resources during the fourth quarter valued at about $2,339,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.5 %

EOG opened at $124.32 on Friday. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The business has a 50-day moving average of $129.24 and a 200-day moving average of $127.47. 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 company has a market capitalization of $68.86 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

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, 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 company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Transactions at EOG Resources

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

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.33.

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.