EOG Resources, Inc. (NYSE:EOG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,848,634 shares of the energy exploration company's stock after selling 59,779 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of EOG Resources worth $349,186,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Capital World Investors increased 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 acquiring an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 4.5% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of EOG Resources by 1.9% during 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 lifted its position in 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 worth $701,036,000 after acquiring an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after acquiring an additional 365,115 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. Piper Sandler reduced their target price 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. Raymond James reiterated a "strong-buy" rating on shares of EOG Resources in a report on Tuesday, May 20th. KeyCorp lowered their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded up $0.60 during mid-day trading on Tuesday, hitting $110.78. The stock had a trading volume of 634,951 shares, compared to its average volume of 3,280,618. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $60.46 billion, a PE ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78. The company's fifty day simple moving average is $114.41 and its two-hundred day simple moving average is $123.73.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period last year, the business posted $2.82 earnings per share. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.52%. EOG Resources's 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.