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

Calamos Advisors LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 48.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,884 shares of the energy exploration company's stock after selling 70,077 shares during the quarter. Calamos Advisors LLC's holdings in EOG Resources were worth $9,475,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Capital World Investors raised its holdings in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Geode Capital Management LLC raised its holdings in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp raised its holdings 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 buying an additional 159,216 shares during the period. Alliancebernstein L.P. raised its holdings 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 valued at $696,990,000 after buying an additional 365,115 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in EOG Resources by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company's stock valued at $597,476,000 after buying an additional 50,896 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Up 3.6%

Shares of EOG stock traded up $4.31 on Tuesday, hitting $123.92. The stock had a trading volume of 3,753,426 shares, compared to its average volume of 3,410,297. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $116.11 and a 200 day moving average price of $121.31. The company has a market cap of $67.63 billion, a PE ratio of 11.50, a P/E/G ratio of 9.65 and a beta of 0.76. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.29%. EOG Resources's payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EOG. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Barclays increased their price target on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Mizuho decreased their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Piper Sandler decreased 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. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $139.24.

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.