GTS Securities LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,309 shares of the energy exploration company's stock after selling 54,733 shares during the period. GTS Securities LLC's holdings in EOG Resources were worth $1,754,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its position in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp boosted its stake in shares of 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. Finally, Alliancebernstein L.P. boosted its stake in shares of 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. 89.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on EOG. Morgan Stanley increased their price objective on EOG Resources from $131.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler dropped their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna reduced their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.79.
Get Our Latest Stock Report on EOG Resources
EOG Resources Stock Performance
EOG traded down $0.82 during trading on Thursday, hitting $109.63. The stock had a trading volume of 741,335 shares, compared to its average volume of 3,271,815. The firm has a market cap of $59.83 billion, a PE ratio of 8.83, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $113.86 and a 200-day simple moving average of $123.55.
EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.
EOG Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.56%. EOG Resources's payout ratio is 36.18%.
Insider Buying and Selling
In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.
About EOG Resources
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Free Report)
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.
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