Sumitomo Mitsui Trust Group Inc. Sells 10,839 Shares of EOG Resources, Inc. $EOG

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in EOG by 0.8% in Q4, selling 10,839 shares and leaving it with 1,433,200 shares worth about $150.5 million (roughly 0.26% of the company).
• EOG beat quarterly expectations, reporting $2.27 EPS versus a $2.20 estimate and $5.64 billion in revenue (vs. $5.36 billion expected); the company has a market cap near $73 billion and a trailing P/E of about 15.
• EOG declared a $1.02 quarterly dividend (annualized $4.08) with an ex-dividend date of April 16 and a payout yielding roughly 3.0%, payable April 30.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,433,200 shares of the energy exploration company's stock after selling 10,839 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of EOG Resources worth $150,500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of EOG Resources by 0.5% during the 3rd 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 purchasing an additional 122,486 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EOG Resources by 0.8% during 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 purchasing an additional 49,987 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in EOG Resources by 6.1% during 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 buying an additional 344,291 shares during the period. Finally, Franklin Resources Inc. boosted its position in EOG Resources by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company's stock valued at $581,493,000 after buying an additional 548,334 shares during the period. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Up 0.1%

Shares of NYSE EOG opened at $136.26 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $73.00 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.84 and a beta of 0.32. The firm has a fifty day simple moving average of $130.01 and a two-hundred day simple moving average of $115.51.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources's dividend payout ratio is 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company's stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last 90 days. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EOG. Truist Financial began coverage on shares of EOG Resources in a research report on Tuesday, March 24th. They set a "hold" rating and a $146.00 price target for the company. BMO Capital Markets increased their price target on shares of EOG Resources from $140.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. Zacks Research raised shares of EOG Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Jefferies Financial Group increased their price target on shares of EOG Resources from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $148.11.

About EOG Resources

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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