Capital Research Global Investors Has $3.65 Billion Position in EOG Resources, Inc. (NYSE:EOG)

Capital Research Global Investors lowered its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,790,403 shares of the energy exploration company's stock after selling 2,704,890 shares during the period. Capital Research Global Investors owned about 5.30% of EOG Resources worth $3,651,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its position in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after buying an additional 2,792,092 shares during the period. Capital World Investors grew its stake in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at about $171,193,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Stock Up 1.2 %

Shares of EOG Resources stock traded up $1.39 during midday trading on Thursday, hitting $112.96. The company's stock had a trading volume of 1,009,714 shares, compared to its average volume of 3,685,531. The firm has a market capitalization of $62.30 billion, a P/E ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year 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 stock has a 50-day simple moving average of $121.19 and a 200-day simple moving average of $126.04.

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

EOG Resources Dividend Announcement

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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. EOG Resources's dividend payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Bank of America reissued a "neutral" rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Susquehanna lowered their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday. Twelve 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 stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and a consensus target price of $143.00.

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.