EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,590 shares of the energy exploration company’s stock after purchasing an additional 811 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $3,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EOG. Arkadios Wealth Advisors acquired a new stake in EOG Resources during the 3rd quarter worth approximately $212,000. Royal Fund Management LLC lifted its position in EOG Resources by 59.7% during the 3rd quarter. Royal Fund Management LLC now owns 7,224 shares of the energy exploration company’s stock worth $916,000 after acquiring an additional 2,700 shares during the period. Private Trust Co. NA lifted its position in EOG Resources by 36.8% during the 3rd quarter. Private Trust Co. NA now owns 2,768 shares of the energy exploration company’s stock worth $351,000 after acquiring an additional 745 shares during the period. Richelieu Gestion SA acquired a new stake in EOG Resources during the 3rd quarter worth approximately $127,000. Finally, Marion Wealth Management raised its stake in shares of EOG Resources by 1.3% during the 3rd quarter. Marion Wealth Management now owns 10,460 shares of the energy exploration company’s stock worth $1,326,000 after buying an additional 138 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG Resources stock traded up $0.80 during mid-day trading on Wednesday, hitting $135.60. 1,967,808 shares of the company were exchanged, compared to its average volume of 3,375,586. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The business’s 50 day simple moving average is $124.83 and its two-hundred day simple moving average is $122.36. The company has a market capitalization of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business earned $3.30 EPS. EOG Resources’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EOG shares. Susquehanna increased their target price on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Barclays assumed coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. Morgan Stanley raised their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Citigroup raised their price objective on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average target price of $142.19.

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.