EOG Resources, Inc. $EOG Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 140.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,999 shares of the energy exploration company’s stock after acquiring an additional 644,569 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of EOG Resources worth $115,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sivia Capital Partners LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $258,000. TD Waterhouse Canada Inc. raised its holdings in EOG Resources by 33.2% during the second quarter. TD Waterhouse Canada Inc. now owns 3,409 shares of the energy exploration company’s stock worth $413,000 after purchasing an additional 850 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in EOG Resources in the second quarter worth approximately $368,000. Waterloo Capital L.P. lifted its position in EOG Resources by 12.3% in the second quarter. Waterloo Capital L.P. now owns 1,871 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 205 shares during the period. Finally, Global Retirement Partners LLC bought a new position in EOG Resources during the 2nd quarter valued at $860,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EOG shares. UBS Group boosted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Susquehanna lowered their target price on EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a report on Thursday, February 26th. Sanford C. Bernstein reiterated 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. Finally, Stephens boosted their price target on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.23.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was 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 in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,532 shares of company stock worth $1,877,405. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $139.52 on Tuesday. The firm has a market cap of $74.85 billion, a PE ratio of 15.31, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $120.32 and a 200-day simple moving average of $113.04. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $141.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm earned $2.74 earnings per share. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is presently 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.