Vanguard Group Inc. Boosts Holdings in EOG Resources, Inc. $EOG

Key Points

• Vanguard increased its stake in EOG by 0.8% in Q4, holding 53,815,556 shares (about 9.92% of the company) worth roughly $5.65 billion after buying an additional 446,341 shares.
• Several analysts raised price targets—notably Wells Fargo to $199 and Jefferies to $170—but the consensus rating remains "Hold" with an average target of $153.68.
• EOG announced a $1.02 quarterly dividend (annualized $4.08, yield 3.1%, ex-dividend Apr 16) and recently beat quarterly estimates with EPS $2.27 vs. $2.20 and revenue $5.64 billion.

Vanguard Group Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,815,556 shares of the energy exploration company's stock after buying an additional 446,341 shares during the period. Vanguard Group Inc. owned about 9.92% of EOG Resources worth $5,651,172,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EOG. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the third quarter worth about $32,000. Olistico Wealth LLC bought a new position in EOG Resources during the fourth quarter worth about $33,000. Salomon & Ludwin LLC boosted its position in EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in EOG Resources during the third quarter worth about $37,000. Finally, Quent Capital LLC bought a new position in EOG Resources during the third quarter worth about $37,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Susquehanna increased their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a "positive" rating in a research report on Tuesday, April 21st. Piper Sandler increased their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Mizuho raised their price objective on shares of EOG Resources from $146.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, April 1st. Wells Fargo & Company raised their price objective on shares of EOG Resources from $155.00 to $199.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group raised their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and an average target price of $153.68.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last ninety days. 0.14% of the stock is currently owned by insiders.

EOG Resources Price Performance

EOG stock opened at $133.32 on Tuesday. The firm has a 50 day moving average of $133.93 and a 200-day moving average of $117.10. 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 $71.42 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.32.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $2.74 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 13.45 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 44.79%.

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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