Mercer Global Advisors Inc. ADV Has $120.01 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 979,034 shares of the energy exploration company's stock after selling 75,825 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.17% of EOG Resources worth $120,010,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Wealthfront Advisers LLC raised its stake in shares of EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Capital World Investors grew its stake in EOG Resources by 5.2% during 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 buying an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. grew its position in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $171,193,000. Finally, Charles Schwab Investment Management Inc. increased its position in EOG Resources by 4.5% in the 4th 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 acquiring an additional 781,282 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EOG shares. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Mizuho restated a "neutral" rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. KeyCorp dropped their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Piper Sandler lowered 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. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.95.

EOG Resources Trading Down 2.1 %

EOG stock traded down $2.35 during midday trading on Monday, reaching $108.51. The company's stock had a trading volume of 5,226,208 shares, compared to its average volume of 3,250,495. The business's 50-day simple moving average is $118.35 and its 200-day simple moving average is $125.09. The stock has a market cap of $59.85 billion, a PE ratio of 8.74, a price-to-earnings-growth 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 quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's payout ratio is presently 36.18%.

EOG Resources 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.