Capital World Investors Buys 2,270,013 Shares of EOG Resources, Inc. (NYSE:EOG)

Capital World Investors raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,919,327 shares of the energy exploration company's stock after buying an additional 2,270,013 shares during the period. EOG Resources comprises 0.9% of Capital World Investors' investment portfolio, making the stock its 25th largest position. Capital World Investors owned 8.16% of EOG Resources worth $5,628,497,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Essex Financial Services Inc. lifted its position in shares of EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its position in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after buying an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after acquiring an additional 80 shares in the last quarter. 1ST Source Bank lifted its stake in shares of EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after acquiring an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its holdings in EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on EOG shares. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday. Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Finally, Mizuho reaffirmed a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $143.00.

EOG Resources Trading Up 1.3 %

NYSE EOG traded up $1.50 on Thursday, hitting $113.07. The company's stock had a trading volume of 1,009,714 shares, compared to its average volume of 3,685,531. The company has a current ratio of 2.31, a quick ratio of 2.07 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 cap of $62.36 billion, a P/E ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93. The company's 50-day simple moving average is $121.19 and its 200 day simple moving average is $126.04.

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 analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Profile

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.