Tokio Marine Asset Management Co. Ltd. Buys 903 Shares of EOG Resources, Inc. (NYSE:EOG)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,705 shares of the energy exploration company’s stock after acquiring an additional 903 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $4,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter valued at $28,000. Eastern Bank bought a new position in EOG Resources during the third quarter worth about $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at about $30,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $0.04 during mid-day trading on Thursday, reaching $134.31. 195,595 shares of the company were exchanged, compared to its average volume of 3,127,452. The stock has a market capitalization of $75.54 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.53 and a beta of 1.28. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $125.70 and its 200-day simple moving average is $125.98. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources announced that its board has authorized a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. KeyCorp cut their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Sanford C. Bernstein cut their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Finally, Wells Fargo & Company reduced their price target on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Thirteen 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 company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $142.20.

EOG Resources Company Profile

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.