Vident Advisory LLC Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Vident Advisory LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,976 shares of the energy exploration company's stock after selling 31,424 shares during the quarter. Vident Advisory LLC's holdings in EOG Resources were worth $4,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Wealthfront Advisers LLC boosted its stake in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after acquiring an additional 2,792,092 shares during the last quarter. Capital World Investors raised its holdings in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new position in EOG Resources during the fourth quarter valued at $171,193,000. Charles Schwab Investment Management Inc. raised 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 during the period. Finally, Deutsche Bank AG lifted its position in shares of EOG Resources by 58.6% during the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after buying an additional 769,362 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

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

EOG Resources Stock Down 0.5%

Shares of EOG traded down $0.58 during trading hours on Monday, hitting $110.22. The company had a trading volume of 1,993,260 shares, compared to its average volume of 3,291,067. The stock has a market capitalization of $60.15 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a fifty day moving average price of $114.71 and a 200-day moving average price of $123.89.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. Piper Sandler lowered their price target 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. Barclays decreased their price objective on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the company from $150.00 to $130.00 in a report on Friday, April 11th. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Bank of America dropped their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

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.