660,671 Shares of EOG Resources, Inc. $EOG Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 660,671 shares of the energy exploration company’s stock, valued at approximately $91,014,000.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of EOG Resources in the second quarter worth approximately $5,905,587,000. Bank of New York Mellon Corp purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $654,899,000. Bank of America Corp DE bought a new stake in shares of EOG Resources during the second quarter valued at approximately $551,321,000. Deutsche Bank AG bought a new stake in shares of EOG Resources during the second quarter valued at approximately $251,102,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of EOG Resources by 357.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock valued at $271,641,000 after acquiring an additional 1,541,140 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael Donaldson sold 7,336 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. The trade was a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,317 shares of company stock valued at $7,823,480. Company insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $165.58 on Friday. The company has a 50 day moving average price of $149.06 and a 200-day moving average price of $136.76. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.93. The firm has a market capitalization of $86.85 billion, a PE ratio of 12.89, a P/E/G ratio of 0.58 and a beta of 0.36. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EOG shares. Zacks Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. Jefferies Financial Group reissued a “buy” rating and issued a $185.00 target price on shares of EOG Resources in a report on Saturday, October 3rd. Scotiabank began coverage on EOG Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 target price for the company. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Morgan Stanley upped their price target on EOG Resources from $157.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.24.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.