Geode Capital Management LLC Has $1.36 Billion Stock Holdings in EOG Resources, Inc. $EOG

Geode Capital Management LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,046,709 shares of the energy exploration company’s stock after acquiring an additional 95,260 shares during the quarter. Geode Capital Management LLC’s holdings in EOG Resources were worth $1,364,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bollard Group LLC lifted its stake in shares of EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares during the period. Hardy Reed LLC lifted its stake in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the period. RKL Wealth Management LLC lifted its stake in shares of EOG Resources by 0.5% in the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the period. CoreFirst Bank & Trust increased its position in EOG Resources by 18.5% in the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after buying an additional 100 shares in the last quarter. Finally, Ethos Financial Group LLC increased its position in EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after buying an additional 100 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $134.52 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The firm has a market capitalization of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27. The business has a 50-day simple moving average of $138.09 and a 200 day simple moving average of $121.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.87 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Zacks Research raised EOG Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Raymond James Financial boosted their target price on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Royal Bank Of Canada boosted their target price on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein decreased their target price on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Finally, DA Davidson boosted their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.39.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,230 shares of company stock valued at $2,272,568 over the last three months. Corporate insiders own 0.14% of the company’s stock.

EOG Resources 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.