EOG Resources, Inc. (NYSE:EOG) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 56.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,405 shares of the energy exploration company's stock after selling 113,221 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in EOG Resources were worth $10,591,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its holdings in EOG Resources by 5.7% in the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after buying an additional 92 shares during the last quarter. Empire Financial Management Company LLC boosted its position in shares of EOG Resources by 6.7% during the 4th quarter. Empire Financial Management Company LLC now owns 10,011 shares of the energy exploration company's stock worth $1,227,000 after acquiring an additional 627 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of EOG Resources by 164.2% in the 4th quarter. Voya Investment Management LLC now owns 935,536 shares of the energy exploration company's stock valued at $114,574,000 after acquiring an additional 581,369 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of EOG Resources by 24.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,585 shares of the energy exploration company's stock worth $685,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Evercore Wealth Management LLC lifted its stake in EOG Resources by 0.7% during the fourth quarter. Evercore Wealth Management LLC now owns 622,024 shares of the energy exploration company's stock worth $76,248,000 after purchasing an additional 4,570 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research analyst reports. Susquehanna cut their price objective on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $141.25.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG traded down $2.55 during mid-day trading on Wednesday, hitting $110.38. The company's stock had a trading volume of 5,383,317 shares, compared to its average volume of 3,239,772. The firm has a 50-day simple moving average of $119.65 and a 200 day simple moving average of $125.48. The firm has a market capitalization of $60.88 billion, a P/E ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

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.