Danske Bank A S cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,067 shares of the energy exploration company's stock after selling 53,340 shares during the period. Danske Bank A S's holdings in EOG Resources were worth $2,947,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital World Investors lifted its stake in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock valued at $6,156,495,000 after buying an additional 782,426 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company's stock valued at $5,651,172,000 after acquiring an additional 446,341 shares during the period. Capital Research Global Investors increased its stake in EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company's stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the period. Northern Trust Corp raised its holdings in EOG Resources by 0.8% in the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company's stock valued at $669,911,000 after acquiring an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company's stock valued at $669,727,000 after acquiring an additional 344,291 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company's stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company's stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.14% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
EOG has been the topic of several recent research reports. Scotiabank lifted their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. KeyCorp lowered EOG Resources from an "overweight" rating to a "sector weight" rating in a research note on Friday, January 16th. UBS Group raised their target price on EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Piper Sandler lifted their price target on shares of EOG Resources from $144.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group boosted their price target on shares of EOG Resources from $133.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $153.68.
Read Our Latest Stock Report on EOG
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EOG Resources Price Performance
Shares of EOG Resources stock opened at $140.90 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The firm's 50-day simple moving average is $135.28 and its 200-day simple moving average is $117.95. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The firm has a market cap of $75.49 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27.
EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the business earned $2.87 EPS. The firm's revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 14.75 EPS for the current fiscal year.
EOG Resources Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources's dividend payout ratio (DPR) is currently 44.79%.
EOG Resources Profile
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Free Report)
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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