EOG Resources, Inc. $EOG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,444,039 shares of the energy exploration company’s stock after selling 6,113 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in EOG Resources were worth $161,906,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after buying an additional 249,984 shares in the last quarter. Invesco Ltd. increased its position in shares of EOG Resources by 7.0% during the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after purchasing an additional 294,641 shares in the last quarter. First Trust Advisors LP raised its stake in EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after purchasing an additional 1,456,928 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in EOG Resources by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after purchasing an additional 184,387 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in EOG Resources by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,327,688 shares of the energy exploration company’s stock valued at $278,414,000 after purchasing an additional 154,775 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE:EOG opened at $105.44 on Tuesday. The company’s 50-day moving average is $106.65 and its two-hundred day moving average is $113.02. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $57.21 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 8.22 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $2.89 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Siebert Williams Shank lowered their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Johnson Rice decreased their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Finally, Citigroup restated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.19.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.