Varma Mutual Pension Insurance Co Boosts Stock Holdings in EOG Resources, Inc. $EOG
by Scott Moore · The Cerbat GemVarma Mutual Pension Insurance Co boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,392 shares of the energy exploration company’s stock after purchasing an additional 5,600 shares during the period. Varma Mutual Pension Insurance Co’s holdings in EOG Resources were worth $16,003,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in EOG. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources in the third quarter worth $32,000. Olistico Wealth LLC acquired a new position in EOG Resources during the 4th quarter worth $33,000. Physician Wealth Advisors Inc. grew its holdings in EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after acquiring an additional 170 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
EOG Resources Trading Up 2.0%
NYSE EOG opened at $141.70 on Tuesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a 50-day simple moving average of $134.92 and a 200-day simple moving average of $117.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The firm has a market capitalization of $75.91 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.27.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating 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 business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the business posted $2.74 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 14.75 earnings per share for the current year.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is 44.79%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Zacks Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Scotiabank raised their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Citigroup decreased their price objective on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. BMO Capital Markets raised their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Finally, Weiss Ratings upgraded shares of EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.68.
Get Our Latest Research Report on EOG
Insider Activity
In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% 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 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is currently owned by insiders.
About EOG Resources
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.
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