Westpac Banking Corp Has $265,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Westpac Banking Corp raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 430.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,165 shares of the energy exploration company’s stock after buying an additional 1,757 shares during the quarter. Westpac Banking Corp’s holdings in EOG Resources were worth $265,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EOG. World Investment Advisors LLC acquired a new stake in shares of EOG Resources in the third quarter worth $730,000. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources in the 4th quarter worth $735,000. Oak Ridge Investments LLC increased its holdings in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares during the period. Tobam bought a new stake in shares of EOG Resources in the fourth quarter valued at about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in 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 buying an additional 2,773 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EOG shares. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Mizuho reissued a “neutral” rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Finally, Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $144.67.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

EOG Resources Stock Down 7.9 %

Shares of NYSE EOG opened at $110.39 on Friday. 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 company has a market cap of $60.88 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12-month low of $109.20 and a 12-month high of $139.67. The firm’s 50-day simple moving average is $127.14 and its 200 day simple moving average is $127.80.

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

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend 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%.

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.