Sumitomo Mitsui Trust Holdings Inc. Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,491,898 shares of the energy exploration company’s stock after buying an additional 9,894 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of EOG Resources worth $190,724,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in EOG. McIlrath & Eck LLC lifted its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares during the last quarter. Sachetta LLC acquired a new position in shares of EOG Resources during the 4th quarter worth about $33,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new stake in EOG Resources during the fourth quarter worth approximately $36,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 in the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Citigroup lifted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Morgan Stanley raised their price objective on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Barclays started coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Trading Up 0.1 %

NYSE:EOG opened at $126.78 on Thursday. The stock has a market capitalization of $72.86 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.75 and a beta of 1.30. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock has a fifty day moving average price of $125.96 and a two-hundred day moving average price of $122.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

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.