Pinebridge Investments L.P. Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Pinebridge Investments L.P. lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,496 shares of the energy exploration company's stock after selling 21,434 shares during the quarter. Pinebridge Investments L.P.'s holdings in EOG Resources were worth $12,687,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $730,000. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources in the fourth quarter worth $735,000. Oak Ridge Investments LLC raised its stake in shares of EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after buying an additional 2,311 shares during the period. Tobam purchased a new position in shares of EOG Resources during the 4th quarter valued at $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after acquiring an additional 2,773 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

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 value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.39 during trading on Friday, reaching $113.07. The company had a trading volume of 2,093,424 shares, compared to its average volume of 3,238,478. The company has a fifty day moving average of $120.51 and a two-hundred day moving average of $125.74. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $62.36 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company 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 dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. EOG Resources's dividend payout ratio is 34.73%.

Analyst Upgrades and Downgrades

Several research firms have commented on EOG. Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company dropped their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays reduced their price objective on shares of EOG Resources from $144.00 to $140.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup dropped their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.25.

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.