Capital International Investors Sells 4,925,926 Shares of EOG Resources, Inc. $EOG

Key Points

• Capital International Investors sold 4,925,926 shares of EOG Resources, cutting its stake by 62% to 3,016,045 shares (about 0.55% of the company) valued at roughly $338.3 million.
• EOG reported EPS of $2.27 (above the $2.20 estimate) and revenue of $5.64 billion, and the company recently declared a quarterly dividend of $1.02 ($4.08 annualized) for a 3.2% yield with an ex-dividend date of April 16.
• Market context: EOG has a market cap of about $68.6 billion, a P/E of 14.03, roughly 89.9% institutional ownership, and a MarketBeat consensus rating of "Hold" with an average price target of $135.77.

Capital International Investors lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 62.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,016,045 shares of the energy exploration company's stock after selling 4,925,926 shares during the period. Capital International Investors owned approximately 0.55% of EOG Resources worth $338,273,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Hemington Wealth Management lifted its stake in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company's stock valued at $155,000 after purchasing an additional 93 shares during the last quarter. apricus wealth LLC boosted its holdings in shares of EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company's stock worth $224,000 after purchasing an additional 95 shares during the period. Sowell Financial Services LLC increased its position in shares of EOG Resources by 1.6% during the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company's stock valued at $699,000 after purchasing an additional 96 shares during the last quarter. Hardy Reed LLC increased its position in shares of EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock valued at $254,000 after purchasing an additional 97 shares during the last quarter. Finally, RKL Wealth Management LLC raised its holdings in EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company's stock valued at $2,381,000 after buying an additional 98 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

EOG stock opened at $127.78 on Wednesday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $134.36. The business has a 50-day moving average price of $114.76 and a 200 day moving average price of $112.22. The company has a market capitalization of $68.55 billion, a P/E ratio of 14.03 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. EOG Resources's dividend payout ratio (DPR) is currently 44.79%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EOG. Weiss Ratings restated a "hold (c)" rating on shares of EOG Resources in a research report on Thursday, January 22nd. Roth Mkm reissued a "neutral" rating and issued a $110.00 target price on shares of EOG Resources in a research note on Wednesday, February 25th. Barclays lowered their target price on shares of EOG Resources from $136.00 to $133.00 and set an "equal weight" rating for the company in a report on Wednesday, January 21st. Zacks Research raised shares of EOG Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an "outperform" rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $135.77.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company's stock, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 7,774 shares of company stock worth $945,895 over the last 90 days. Company insiders own 0.13% of the company's stock.

EOG Resources Company Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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