Dai ichi Life Insurance Company Ltd Has $5.72 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Dai ichi Life Insurance Company Ltd reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,446 shares of the energy exploration company’s stock after selling 2,350 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in EOG Resources were worth $5,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wright Investors Service Inc. lifted its stake in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after buying an additional 80 shares during the period. CVA Family Office LLC lifted its position in shares of EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 81 shares during the period. Bailard Inc. grew its holdings in shares of EOG Resources by 0.4% during the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after purchasing an additional 81 shares in the last quarter. Field & Main Bank grew its holdings in shares of EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after purchasing an additional 83 shares in the last quarter. Finally, PDS Planning Inc increased its position in shares of EOG Resources by 4.1% during the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Scotiabank lowered their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective for the company. Finally, Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $143.63.

EOG Resources Stock Up 1.0 %

Shares of NYSE EOG opened at $119.37 on Friday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm’s 50-day moving average is $125.93 and its 200-day moving average is $126.25. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $67.87 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the 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 owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. 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.