Sompo Asset Management Co. Ltd. Cuts Stake in EOG Resources, Inc. (NYSE:EOG)

Sompo Asset Management Co. Ltd. cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,450 shares of the energy exploration company's stock after selling 2,590 shares during the period. Sompo Asset Management Co. Ltd.'s holdings in EOG Resources were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new position in shares of EOG Resources during the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources in the fourth quarter valued at $735,000. Oak Ridge Investments LLC grew its holdings in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after purchasing an additional 2,311 shares during the period. Tobam purchased a new stake in EOG Resources in the 4th quarter valued at about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in EOG Resources by 161.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock valued at $550,000 after buying an additional 2,773 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EOG. Mizuho reissued a "neutral" rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Piper Sandler decreased their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. Susquehanna reduced their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America reiterated a "neutral" rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. 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 company's stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus target price of $141.25.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.89 during trading on Monday, reaching $113.96. 786,626 shares of the company traded hands, compared to its average volume of 3,228,874. The company's 50 day moving average is $120.51 and its two-hundred day moving average is $125.69. The company has a quick ratio of 2.07, a current ratio of 2.31 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 firm has a market capitalization of $62.85 billion, a PE ratio of 9.16, a PEG ratio of 3.58 and a beta of 0.93.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.42%. EOG Resources's payout ratio is presently 34.73%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business'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 sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.