Sava Infond d.o.o. Acquires Shares of 16,820 EOG Resources, Inc. (NYSE:EOG)

Sava Infond d.o.o. bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,820 shares of the energy exploration company’s stock, valued at approximately $2,062,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EOG. WINTON GROUP Ltd lifted its holdings in EOG Resources by 597.6% during the fourth quarter. WINTON GROUP Ltd now owns 12,717 shares of the energy exploration company’s stock valued at $1,559,000 after purchasing an additional 10,894 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of EOG Resources by 21.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,232,895 shares of the energy exploration company’s stock worth $151,128,000 after purchasing an additional 218,129 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in EOG Resources by 7.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 921,542 shares of the energy exploration company’s stock valued at $116,634,000 after buying an additional 64,641 shares in the last quarter. Korea Investment CORP boosted its holdings in EOG Resources by 12.2% in the 4th quarter. Korea Investment CORP now owns 422,459 shares of the energy exploration company’s stock worth $51,785,000 after buying an additional 45,840 shares during the last quarter. Finally, Heritage Wealth Advisors increased its stake in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.4 %

Shares of EOG stock opened at $129.12 on Thursday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The firm has a market cap of $71.52 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a 50-day moving average of $128.65 and a two-hundred day moving average of $127.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio is presently 34.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Morgan Stanley reduced their target price on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Raymond James boosted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Thirteen equities research 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’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $144.95.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate 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.