Mirae Asset Global Investments Co. Ltd. Purchases 32,267 Shares of EOG Resources, Inc. (NYSE:EOG)

Mirae Asset Global Investments Co. Ltd. raised its position in EOG Resources, Inc. (NYSE:EOG) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 431,118 shares of the energy exploration company’s stock after acquiring an additional 32,267 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of EOG Resources worth $52,786,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its stake in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after buying an additional 10,868 shares in the last quarter. Bryn Mawr Capital Management LLC acquired a new stake in shares of EOG Resources during the 1st quarter valued at about $1,217,000. Romano Brothers AND Company bought a new stake in EOG Resources in the first quarter valued at about $1,349,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in EOG Resources by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after purchasing an additional 9,894 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. lifted its stake in EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after purchasing an additional 10,618 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $123.17 on Friday. The firm’s 50 day moving average price is $126.05 and its two-hundred day moving average price is $126.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market cap of $70.79 billion, a PE ratio of 9.73, a PEG ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EOG shares. Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays reduced their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. KeyCorp dropped their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.20.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last 90 days. 0.30% of the stock is owned by insiders.

About EOG Resources

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.