EOG Resources, Inc. (NYSE:EOG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 276,664 shares of the energy exploration company's stock after selling 26,359 shares during the quarter. National Bank of Canada FI's holdings in EOG Resources were worth $33,914,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. HighPoint Advisor Group LLC boosted its holdings in shares of EOG Resources by 10.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,254 shares of the energy exploration company's stock valued at $960,000 after acquiring an additional 678 shares during the period. Summit Financial LLC grew its position in EOG Resources by 15.6% during the 4th quarter. Summit Financial LLC now owns 16,689 shares of the energy exploration company's stock worth $2,046,000 after purchasing an additional 2,251 shares during the last quarter. Alliancebernstein L.P. increased its stake in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $2,575,000. Finally, Meeder Asset Management Inc. increased its position in EOG Resources by 0.9% in the 4th quarter. Meeder Asset Management Inc. now owns 44,530 shares of the energy exploration company's stock valued at $5,458,000 after acquiring an additional 390 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Piper Sandler cut their price target on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Finally, Mizuho reissued a "neutral" rating and issued a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $144.67.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company's stock.

EOG Resources Trading Down 2.4 %

Shares of NYSE EOG traded down $2.68 during midday trading on Monday, reaching $107.87. 2,927,704 shares of the stock were exchanged, compared to its average volume of 3,121,272. 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 company has a market capitalization of $59.49 billion, a P/E ratio of 8.63, a P/E/G ratio of 3.58 and a beta of 0.93. The stock has a 50 day moving average price of $127.14 and a 200-day moving average price of $127.86. EOG Resources, Inc. has a 52-week low of $105.79 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 23.77% and a net margin of 29.18%. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.62%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

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.