Mizuho Securities USA LLC Acquires 16,437 Shares of EOG Resources, Inc. (NYSE:EOG)

Mizuho Securities USA LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,308 shares of the energy exploration company’s stock after buying an additional 16,437 shares during the quarter. Mizuho Securities USA LLC’s holdings in EOG Resources were worth $6,534,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EOG. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in EOG Resources during the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research analyst reports. Citigroup dropped their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. UBS Group dropped their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Piper Sandler decreased their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.33.

EOG Resources Price Performance

Shares of NYSE EOG opened at $124.91 on Friday. The firm has a market cap of $69.19 billion, a P/E ratio of 10.06, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. 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 has a 50 day moving average of $129.11 and a 200 day moving average of $127.47.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

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.