Alpha DNA Investment Management LLC Reduces Stake in EOG Resources, Inc. (NYSE:EOG)

Alpha DNA Investment Management LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 49.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,165 shares of the energy exploration company's stock after selling 8,020 shares during the period. Alpha DNA Investment Management LLC's holdings in EOG Resources were worth $1,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Geode Capital Management LLC raised its stake in EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares in the last quarter. Franklin Resources Inc. boosted its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after buying an additional 214,497 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Trading Down 0.9 %

NYSE:EOG traded down $1.02 during trading hours on Wednesday, reaching $110.30. 1,041,402 shares of the stock were exchanged, compared to its average volume of 3,226,293. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $121.55 and a two-hundred day moving average of $126.14. The company has a market capitalization of $60.84 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 3.58 and a beta of 0.93.

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

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EOG. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. Mizuho reissued a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Finally, Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $143.52.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by 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.