EOG Resources, Inc. $EOG Shares Sold by Aberdeen Group plc

Aberdeen Group plc cut its position in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 304,607 shares of the energy exploration company’s stock after selling 6,478 shares during the quarter. Aberdeen Group plc’s holdings in EOG Resources were worth $31,987,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EOG. Capital World Investors increased its stake in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares during the period. Capital Research Global Investors boosted its position in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after buying an additional 122,486 shares during the last quarter. Alliancebernstein L.P. boosted its position in EOG Resources by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after buying an additional 249,984 shares during the last quarter. Northern Trust Corp grew its stake in shares of EOG Resources by 0.8% during the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after acquiring an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after acquiring an additional 344,291 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.0%

NYSE:EOG opened at $142.62 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $76.40 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock has a 50-day simple moving average of $127.05 and a 200 day simple moving average of $114.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 earnings per share. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,230 shares of company stock worth $2,522,568 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on EOG shares. Truist Financial started coverage on EOG Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price target on the stock. Citigroup raised their price objective on EOG Resources from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Scotiabank upgraded EOG Resources to a “hold” rating in a report on Friday, March 27th. Jefferies Financial Group increased their target price on EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Stephens raised their price target on shares of EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.04.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.