EOG Resources, Inc. (NYSE:EOG) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,463 shares of the energy exploration company’s stock after selling 183 shares during the period. Fisher Asset Management LLC’s holdings in EOG Resources were worth $3,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $5,443,000. TIAA Trust National Association lifted its position in shares of EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after acquiring an additional 49,840 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake in shares of EOG Resources by 15.3% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after acquiring an additional 6,154 shares during the last quarter. L. Roy Papp & Associates LLP increased its position in EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares in the last quarter. Finally, AIA Group Ltd raised its stake in EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EOG shares. Piper Sandler raised their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. KeyCorp boosted their price target on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Finally, Mizuho raised their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.19.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 in the last quarter. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $122.04 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 1-year low of $106.34 and a 1-year high of $139.67. The company has a market capitalization of $70.14 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.65 and a beta of 1.32. The business has a 50-day moving average of $127.28 and a 200-day moving average of $122.20.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

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.