AIA Group Ltd Purchases 5,728 Shares of EOG Resources, Inc. (NYSE:EOG)

AIA Group Ltd boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 128.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,203 shares of the energy exploration company’s stock after purchasing an additional 5,728 shares during the period. AIA Group Ltd’s holdings in EOG Resources were worth $1,234,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in EOG Resources by 0.8% in the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after acquiring an additional 74 shares in the last quarter. Ballentine Partners LLC increased its position in EOG Resources by 3.0% in the 3rd quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after acquiring an additional 75 shares in the last quarter. Covestor Ltd increased its position in EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after acquiring an additional 82 shares in the last quarter. ORG Partners LLC increased its position in EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after acquiring an additional 84 shares in the last quarter. Finally, White Pine Capital LLC increased its position in EOG Resources by 2.2% in the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after acquiring an additional 85 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $131.76 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The firm’s 50 day moving average price is $123.00 and its two-hundred day moving average price is $121.99. The firm has a market cap of $75.79 billion, a P/E ratio of 10.13 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm posted $3.30 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EOG shares. Raymond James lowered their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Piper Sandler lowered their price target on shares of EOG Resources from $153.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Mizuho lifted their price target on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $140.90.

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.