Tokio Marine Asset Management Co. Ltd. Grows Position in EOG Resources, Inc. (NYSE:EOG)

Tokio Marine Asset Management Co. Ltd. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,398 shares of the energy exploration company’s stock after acquiring an additional 693 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Capital Insight Partners LLC increased its position in EOG Resources by 7.2% during the 4th quarter. Capital Insight Partners LLC now owns 4,702 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 315 shares in the last quarter. Coerente Capital Management raised its position in shares of EOG Resources by 0.3% in the 4th quarter. Coerente Capital Management now owns 122,484 shares of the energy exploration company’s stock worth $15,014,000 after purchasing an additional 308 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in EOG Resources by 3.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,787 shares of the energy exploration company’s stock worth $832,000 after purchasing an additional 257 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in EOG Resources during the 4th quarter valued at about $78,000. Finally, Caprock Group LLC lifted its stake in shares of EOG Resources by 36.5% in the fourth quarter. Caprock Group LLC now owns 16,538 shares of the energy exploration company’s stock worth $2,027,000 after buying an additional 4,426 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $125.63 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $70.66 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 3.46 and a beta of 1.29. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock’s 50 day simple moving average is $128.37 and its two-hundred day simple moving average is $127.37.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the firm earned $3.44 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources announced that its Board of Directors has initiated a share buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a $0.975 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.10%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EOG. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.90.

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.