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Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in EOG Resources, Inc. $EOG
Mitsubishi UFJ Asset Management Co. Ltd. has increased its stake in EOG Resources, Inc. (NYSE:EOG) by 2.2% in the fourth quarter, bringing its total ownership to 1,150,840 shares valued at $123.45 million. Other institutional investors have also adjusted their positions in the energy exploration company, which recently reported strong Q1 earnings, beating analyst estimates with $3.41 EPS and $6.92 billion in revenue. The company also announced a quarterly dividend of $1.02 per share, and analysts have issued updated price targets, maintaining a “Moderate Buy” rating on average.