Russell Investments Group Ltd. Has $55.30 Million Position in EOG Resources, Inc. (NYSE:EOG)

Russell Investments Group Ltd. cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 457,098 shares of the energy exploration company's stock after selling 141,482 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of EOG Resources worth $55,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC boosted its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock worth $30,000 after buying an additional 212 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of EOG Resources during the third quarter worth $31,000. Hall Laurie J Trustee acquired a new stake in shares of EOG Resources during the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new position in EOG Resources in the fourth quarter valued at about $36,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. TD Securities reduced their target price on EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a report on Friday, February 23rd. KeyCorp upped their target price on EOG Resources from $147.00 to $157.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. Piper Sandler upped their target price on EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Mizuho increased their price target on EOG Resources from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, April 15th. Finally, Barclays initiated coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $144.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.19.

EOG Resources Price Performance

Shares of EOG stock traded up $0.55 during midday trading on Monday, reaching $136.25. 2,812,552 shares of the company traded hands, compared to its average volume of 3,350,848. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The firm's 50 day simple moving average is $125.70 and its two-hundred day simple moving average is $122.44. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The firm has a market cap of $78.37 billion, a PE ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 EPS. On average, equities research analysts expect that EOG Resources, Inc. will post 12.3 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, April 15th. EOG Resources's dividend payout ratio (DPR) is 27.98%.

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.