Ossiam Sells 262,070 Shares of EOG Resources, Inc. (NYSE:EOG)

Ossiam cut its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 98.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,829 shares of the energy exploration company's stock after selling 262,070 shares during the period. Ossiam's holdings in EOG Resources were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Mizuho reiterated a "neutral" rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Raymond James restated a "strong-buy" rating and issued a $140.00 target price on shares of EOG Resources in a research note on Monday, April 21st. Finally, Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $141.25.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's 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 transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $0.19 during mid-day trading on Monday, hitting $113.26. The company had a trading volume of 336,811 shares, compared to its average volume of 3,227,065. 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 market capitalization of $62.47 billion, a price-to-earnings ratio of 9.12, 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 for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, April 16th. EOG Resources's payout ratio is 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.