Siemens Fonds Invest GmbH Sells 8,442 Shares of EOG Resources, Inc. (NYSE:EOG)

Siemens Fonds Invest GmbH reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 55.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,800 shares of the energy exploration company's stock after selling 8,442 shares during the quarter. Siemens Fonds Invest GmbH's holdings in EOG Resources were worth $834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources during the fourth quarter valued at about $735,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of EOG Resources by 14.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after buying an additional 106,677 shares in the last quarter. Tobam purchased a new stake in shares of EOG Resources in the fourth quarter worth about $352,000. Twelve Points Wealth Management LLC lifted its holdings in shares of EOG Resources by 27.2% in the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company's stock worth $3,013,000 after buying an additional 5,259 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its holdings in shares of EOG Resources by 3.2% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock worth $12,630,000 after buying an additional 3,150 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Citigroup decreased their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, UBS Group decreased their price objective on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Eleven 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.63.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Up 2.5%

EOG stock traded up $2.68 on Monday, reaching $111.25. The company's stock had a trading volume of 4,151,383 shares, compared to its average volume of 3,283,708. The business has a fifty day simple moving average of $112.76 and a two-hundred day simple moving average of $122.89. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a market cap of $60.72 billion, a PE ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The company's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.67%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

EOG Resources Company Profile

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.