LGT Group Foundation Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

LGT Group Foundation cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,500 shares of the energy exploration company's stock after selling 28,843 shares during the period. LGT Group Foundation's holdings in EOG Resources were worth $8,397,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% in the 3rd 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 last quarter. Fisher Asset Management LLC lifted its holdings in EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock valued at $147,621,000 after buying an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. boosted its position in EOG Resources by 577.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company's stock valued at $85,389,000 after acquiring an additional 593,823 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in EOG Resources during the 4th quarter worth about $60,284,000. Finally, Empower Advisory Group LLC lifted its stake in shares of EOG Resources by 21,218.1% in the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company's stock valued at $43,222,000 after purchasing an additional 350,948 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Down 5.2 %

Shares of EOG stock traded down $6.66 during trading hours on Monday, reaching $120.28. The company had a trading volume of 7,431,360 shares, compared to its average volume of 3,039,013. The company has a market cap of $67.65 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 12 month low of $115.40 and a 12 month high of $139.67. The business has a fifty day simple moving average of $129.30 and a 200-day simple moving average of $127.90.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share 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. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is presently 31.40%.

EOG Resources declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EOG shares. Barclays decreased their target price on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating for the company in a research note on Friday. Bank of America reaffirmed a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company upgraded shares of EOG Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Raymond James raised their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price target 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. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.80.

Insiders Place Their Bets

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 completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently 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.