Banco Bilbao Vizcaya Argentaria S.A. Cuts Position in EOG Resources, Inc. (NYSE:EOG)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,463 shares of the energy exploration company's stock after selling 7,117 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in EOG Resources were worth $7,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Capital World Investors increased its holdings in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after buying an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new stake in EOG Resources during the fourth quarter worth approximately $171,193,000. Finally, Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 4.5% during the 4th 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 acquiring an additional 781,282 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 3.4 %

EOG traded down $3.88 during midday trading on Wednesday, hitting $109.05. The company had a trading volume of 1,948,653 shares, compared to its average volume of 3,226,552. The company has a market capitalization of $60.15 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 3.58 and a beta of 0.93. The stock's 50 day moving average price is $119.65 and its 200 day moving average price is $125.48. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.58%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EOG shares. Piper Sandler cut their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Susquehanna decreased their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Mizuho reaffirmed a "neutral" rating and issued a $140.00 price objective (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Finally, Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of "Hold" and an average target price of $141.25.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

About EOG Resources

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.