Sumitomo Mitsui Trust Group Inc. Sells 13,423 Shares of EOG Resources, Inc. (NYSE:EOG)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,405,001 shares of the energy exploration company's stock after selling 13,423 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of EOG Resources worth $180,177,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at $28,000. Heritage Wealth Advisors boosted its holdings in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the 1st quarter valued at $34,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on EOG. Susquehanna cut their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. KeyCorp cut their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Raymond James Financial lifted their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. Finally, Barclays lifted their target price on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.48.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

EOG Resources stock opened at $120.82 on Friday. 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 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $114.70 and its 200 day simple moving average is $121.32. The company has a market cap of $65.94 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 9.71 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.38%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is currently 36.18%.

About EOG Resources

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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