Pinebridge Investments L.P. Has $12.69 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Pinebridge Investments L.P. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,496 shares of the energy exploration company's stock after selling 21,434 shares during the quarter. Pinebridge Investments L.P.'s holdings in EOG Resources were worth $12,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Financial Life Planners bought a new position in EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources in the fourth quarter worth approximately $27,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.6 %

Shares of EOG traded down $0.74 during mid-day trading on Tuesday, reaching $113.41. The company's stock had a trading volume of 522,588 shares, compared to its average volume of 3,222,487. The business has a fifty day moving average of $120.10 and a 200 day moving average of $125.56. The company has a market cap of $62.55 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. 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 (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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Piper Sandler cut their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus target price of $141.25.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Company 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.