LGT Fund Management Co Ltd. Buys 30,788 Shares of EOG Resources, Inc. $EOG

LGT Fund Management Co Ltd. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 649.4% during the third quarter, HoldingsChannel.com reports. The fund owned 35,529 shares of the energy exploration company’s stock after purchasing an additional 30,788 shares during the period. LGT Fund Management Co Ltd.’s holdings in EOG Resources were worth $3,953,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EOG. Sivia Capital Partners LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $258,000. Vestmark Advisory Solutions Inc. lifted its stake in shares of EOG Resources by 54.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock worth $370,000 after buying an additional 1,089 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of EOG Resources by 11.3% during the 2nd quarter. Wedbush Securities Inc. now owns 13,409 shares of the energy exploration company’s stock worth $1,604,000 after buying an additional 1,366 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of EOG Resources by 45.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after buying an additional 1,152 shares during the period. Finally, Metis Global Partners LLC grew its stake in EOG Resources by 0.4% in the 2nd quarter. Metis Global Partners LLC now owns 29,830 shares of the energy exploration company’s stock valued at $3,568,000 after buying an additional 127 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 7,774 shares of company stock worth $945,895 in the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EOG shares. Barclays dropped their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Scotiabank set a $123.00 price objective on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $135.31.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $131.74 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $134.00. The firm has a fifty day moving average price of $113.78 and a two-hundred day moving average price of $112.08. The company has a market cap of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue was up .9% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

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.