Nan Shan Life Insurance Co. Ltd. Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

Nan Shan Life Insurance Co. Ltd. trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,069 shares of the energy exploration company's stock after selling 45,617 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in EOG Resources were worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NorthRock Partners LLC lifted its holdings in shares of EOG Resources by 91.5% during the fourth quarter. NorthRock Partners LLC now owns 6,637 shares of the energy exploration company's stock worth $814,000 after purchasing an additional 3,172 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of EOG Resources by 6.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 110,760 shares of the energy exploration company's stock valued at $13,576,000 after acquiring an additional 6,813 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of EOG Resources in the fourth quarter worth $7,972,000. Lazard Asset Management LLC raised its holdings in shares of EOG Resources by 9.5% during the fourth quarter. Lazard Asset Management LLC now owns 126,974 shares of the energy exploration company's stock worth $15,563,000 after purchasing an additional 11,003 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in shares of EOG Resources by 9.3% during the fourth quarter. Investment Management Corp of Ontario now owns 61,490 shares of the energy exploration company's stock worth $7,537,000 after purchasing an additional 5,252 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG stock opened at $117.23 on Wednesday. The company has a market capitalization of $63.98 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm's 50-day moving average is $116.42 and its two-hundred day moving average is $124.42. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted 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 company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.33%. EOG Resources's payout ratio is presently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EOG. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley lowered their price target on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their price target on shares of 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. Finally, Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.63.

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.

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