Price T Rowe Associates Inc. MD Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Price T Rowe Associates Inc. MD cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,950,287 shares of the energy exploration company's stock after selling 113,185 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.59% of EOG Resources worth $1,097,128,000 as of its most recent SEC filing.

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

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EOG shares. Raymond James reissued a "strong-buy" rating and set a $140.00 target price on shares of EOG Resources in a report on Monday, April 21st. KeyCorp decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Citigroup reduced their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial lifted their price objective on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of "Hold" and an average target price of $141.25.

EOG Resources Price Performance

EOG stock traded down $0.50 during midday trading on Tuesday, reaching $113.64. 490,972 shares of the stock were exchanged, compared to its average volume of 3,222,343. 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 stock has a market capitalization of $62.68 billion, a PE ratio of 9.14, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a fifty day moving average price of $120.10 and a 200 day moving average price of $125.56.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.43%. EOG Resources's dividend payout ratio (DPR) 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.