SIR Capital Management L.P. Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

SIR Capital Management L.P. trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,600 shares of the energy exploration company's stock after selling 8,700 shares during the quarter. EOG Resources comprises 3.3% of SIR Capital Management L.P.'s portfolio, making the stock its 7th largest position. SIR Capital Management L.P.'s holdings in EOG Resources were worth $31,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its position in 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. boosted its position in shares of EOG Resources by 4.5% during 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 period. Geode Capital Management LLC grew its holdings in EOG Resources by 1.9% in the 4th 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 in the last quarter. Northern Trust Corp raised its stake in EOG Resources by 2.9% during 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 in the last quarter. Finally, Alliancebernstein L.P. boosted its position in EOG Resources by 6.9% during 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 period. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EOG shares. Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley decreased their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Piper Sandler lowered their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup cut their price target 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. Eleven 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.63.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Stock Down 1.3%

NYSE:EOG traded down $1.51 during trading hours on Monday, reaching $113.99. The company's stock had a trading volume of 2,863,958 shares, compared to its average volume of 3,295,054. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business's 50-day moving average is $115.84 and its 200-day moving average is $124.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $62.21 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 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.