Natixis Trims Stake in EOG Resources, Inc. (NYSE:EOG)

Natixis lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 94.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,344 shares of the energy exploration company's stock after selling 546,787 shares during the quarter. Natixis' holdings in EOG Resources were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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 of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EOG shares. KeyCorp lowered 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 report on Monday, April 21st. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. UBS Group reduced their target price on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Twelve equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $141.25.

EOG Resources Trading Down 0.3 %

Shares of EOG Resources stock traded down $0.39 on Friday, hitting $113.07. 2,093,424 shares of the company traded hands, compared to its average volume of 3,238,478. The stock's 50 day moving average price is $120.51 and its 200-day moving average price is $125.69. 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 52 week low of $102.52 and a 52 week high of $138.18. The company has a market cap of $62.36 billion, a PE ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The company 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%. Equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources's payout ratio is presently 34.73%.

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.