Lazard Freres Gestion S.A.S. Has $25.55 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Lazard Freres Gestion S.A.S. lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,432 shares of the energy exploration company's stock after selling 38,137 shares during the period. Lazard Freres Gestion S.A.S.'s holdings in EOG Resources were worth $25,549,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in EOG Resources during the fourth quarter worth about $990,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in EOG Resources by 73.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 151,669 shares of the energy exploration company's stock worth $18,592,000 after buying an additional 64,201 shares during the last quarter. Essential Planning LLC. bought a new stake in EOG Resources during the fourth quarter worth about $1,660,000. Wealthfront Advisers LLC grew its stake in 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 last quarter. Finally, Cooke & Bieler LP grew its stake in EOG Resources by 1.7% during the fourth quarter. Cooke & Bieler LP now owns 625,679 shares of the energy exploration company's stock worth $76,696,000 after buying an additional 10,256 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.

EOG Resources Trading Down 0.3 %

EOG opened at $124.18 on Thursday. The firm's fifty day moving average is $129.67 and its two-hundred day moving average is $127.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $68.78 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67.

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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, topping 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 net margin of 29.18% and a return on equity of 23.77%. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EOG. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Piper Sandler decreased their price target on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Raymond James increased their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Barclays decreased their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $146.19.

EOG Resources Company 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.

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