KLP Kapitalforvaltning AS Buys 11,600 Shares of EOG Resources, Inc. $EOG

KLP Kapitalforvaltning AS boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,503 shares of the energy exploration company’s stock after acquiring an additional 11,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in EOG Resources were worth $37,953,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EOG. Alliancebernstein L.P. lifted its holdings in shares of EOG Resources by 4.2% in the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares in the last quarter. Invesco Ltd. grew its holdings in shares of EOG Resources by 7.0% during the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after buying an additional 294,641 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after buying an additional 1,456,928 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in EOG Resources by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,926,271 shares of the energy exploration company’s stock valued at $375,265,000 after buying an additional 77,637 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in EOG Resources by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after acquiring an additional 184,387 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several research reports. BMO Capital Markets decreased their price target on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. UBS Group restated a “buy” rating and set a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Monday. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $138.14.

EOG Resources Stock Performance

NYSE EOG opened at $105.00 on Wednesday. The firm has a market capitalization of $56.97 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 8.32 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $106.73 and its two-hundred day moving average price is $113.48. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 EPS. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.