EOG Resources, Inc. (NYSE:EOG) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,234 shares of the energy exploration company's stock after selling 3,795 shares during the quarter. Amalgamated Bank's holdings in EOG Resources were worth $13,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its holdings in 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 in the last quarter. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP purchased a new stake in EOG Resources in the third quarter valued at approximately $31,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE:EOG traded down $3.62 during trading hours on Friday, hitting $126.99. The company's stock had a trading volume of 6,868,662 shares, compared to its average volume of 2,926,389. The business's 50-day moving average is $129.30 and its two-hundred day moving average is $127.88. The company has a market capitalization of $71.43 billion, a PE ratio of 10.22, a PEG ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $113.83 and a 52-week high of $139.67.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 31.40%.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Piper Sandler boosted their price objective on EOG Resources from $140.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Finally, Citigroup boosted their price objective on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Twelve investment 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 MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and a consensus target price of $145.30.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is 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.