EOG Resources, Inc. (NYSE:EOG) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 377,023 shares of the energy exploration company's stock after selling 5,752 shares during the quarter. EOG Resources makes up approximately 1.0% of Ancora Advisors LLC's investment portfolio, making the stock its 20th largest holding. Ancora Advisors LLC owned about 0.07% of EOG Resources worth $46,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Capital World Investors raised its position in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp increased its position in shares of EOG Resources by 2.9% in the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after acquiring an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. raised its stake in EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after acquiring an additional 365,115 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on EOG shares. UBS Group cut their price objective on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Citigroup reduced their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.95.

EOG Resources Trading Up 0.3 %

NYSE EOG traded up $0.34 on Tuesday, reaching $108.86. 4,504,539 shares of the company were exchanged, compared to its average volume of 3,253,751. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market capitalization of $60.04 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The business's fifty day moving average price is $117.92 and its 200 day moving average price is $124.97. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period last year, the business earned $2.82 earnings per share. EOG Resources's revenue was down 7.4% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.58%. EOG Resources's payout ratio is 36.18%.

EOG Resources 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.