EOG Resources, Inc. $EOG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,309,138 shares of the energy exploration company's stock after selling 185,588 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of EOG Resources worth $180,347,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC raised its position in shares of EOG Resources by 469.4% during the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company's stock worth $29,000 after acquiring an additional 169 shares during the last quarter. Wedbush Fund Advisers LLC bought a new position in EOG Resources in the second quarter valued at about $31,000. Global Assets Advisory LLC bought a new position in EOG Resources in the first quarter valued at about $37,000. Main Street Group LTD acquired a new stake in EOG Resources in the first quarter worth about $38,000. Finally, Pingora Partners LLC acquired a new stake in EOG Resources in the second quarter worth about $38,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent research reports. Mizuho set a $165.00 price objective on EOG Resources in a report on Thursday, October 15th. Wells Fargo & Company reissued an "overweight" rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Truist Financial raised their price objective on shares of EOG Resources from $153.00 to $160.00 and gave the company a "hold" rating in a research note on Friday, October 2nd. Capital One Financial cut shares of EOG Resources from an "overweight" rating to an "equal weight" rating and set a $153.00 target price for the company. in a research report on Wednesday, August 26th. Finally, Freedom Capital downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus target price of $161.24.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $165.58 on Monday. The firm's 50 day simple moving average is $149.06 and its 200 day simple moving average is $136.76. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.93. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 0.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analysts' expectations of $8.04 billion. During the same quarter in the previous year, the company earned $2.32 earnings per share. The business's revenue for the quarter was up 57.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.5%. EOG Resources's payout ratio is presently 31.75%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 9,039 shares of the firm's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the sale, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,317 shares of company stock worth $7,823,480 over the last quarter. 0.14% of the stock is currently owned by company insiders.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company's principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

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