Nomura Holdings Inc. Acquires 119,799 Shares of EOG Resources Inc (NYSE:EOG)

Nomura Holdings Inc. raised its holdings in EOG Resources Inc (NYSE:EOG) by 95.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,700 shares of the energy exploration company’s stock after acquiring an additional 119,799 shares during the quarter. Nomura Holdings Inc.’s holdings in EOG Resources were worth $22,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in EOG. United Bank grew its position in shares of EOG Resources by 5.0% during the 1st quarter. United Bank now owns 3,713 shares of the energy exploration company’s stock worth $353,000 after buying an additional 177 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of EOG Resources by 28.9% during the 1st quarter. First Allied Advisory Services Inc. now owns 3,420 shares of the energy exploration company’s stock worth $326,000 after buying an additional 766 shares in the last quarter. Cetera Advisor Networks LLC bought a new position in shares of EOG Resources during the 1st quarter worth $210,000. National Asset Management Inc. bought a new position in shares of EOG Resources during the 1st quarter worth $207,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of EOG Resources by 18.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,951 shares of the energy exploration company’s stock worth $280,000 after buying an additional 464 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. Oppenheimer dropped their price target on EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. SunTrust Banks decreased their price objective on EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley decreased their price objective on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $109.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $114.09.

Shares of NYSE:EOG traded down $1.25 during trading on Friday, hitting $80.36. The stock had a trading volume of 129,919 shares, compared to its average volume of 3,805,838. EOG Resources Inc has a 12-month low of $70.83 and a 12-month high of $133.53. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $77.53 and a two-hundred day simple moving average of $88.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources Inc will post 5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, October 16th. EOG Resources’s payout ratio is 20.76%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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