EOG Resources, Inc. (NYSE:EOG) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,504 shares of the energy exploration company's stock after selling 10,770 shares during the quarter. M&T Bank Corp owned approximately 0.11% of EOG Resources worth $72,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the fourth quarter worth $27,000. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company's stock.

EOG Resources Price Performance

NYSE EOG traded up $0.31 during trading hours on Thursday, reaching $122.16. The company's stock had a trading volume of 3,955,616 shares, compared to its average volume of 3,005,059. 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 1-year low of $115.57 and a 1-year high of $139.67. The company's 50-day moving average is $129.36 and its two-hundred day moving average is $127.76. The firm has a market capitalization of $68.71 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27.

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

EOG Resources declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler cut their price target on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America reaffirmed a "neutral" rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial raised their price target on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Finally, UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $145.80.

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.