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

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,705 shares of the energy exploration company’s stock after purchasing an additional 903 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in EOG Resources were worth $4,266,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EOG. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the 3rd quarter worth $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 acquired a new stake in EOG Resources during the 2nd quarter worth about $28,000. Eastern Bank purchased a new stake in EOG Resources during the third quarter valued at about $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the second quarter worth about $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of EOG traded down $0.04 during mid-day trading on Thursday, reaching $134.31. The company had a trading volume of 195,595 shares, compared to its average volume of 3,127,452. The company 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’s 50-day moving average is $125.70 and its 200-day moving average is $125.98. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources Increases Dividend

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

EOG Resources announced that its Board of Directors has approved a stock repurchase 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 buy up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EOG. Truist Financial boosted their price target on shares of EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company reduced their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Susquehanna dropped their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Finally, KeyCorp reduced their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $142.20.

Insider Transactions at EOG Resources

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

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.