Allspring Global Investments Holdings LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Allspring Global Investments Holdings LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,653,922 shares of the energy exploration company's stock after purchasing an additional 79,988 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.46% of EOG Resources worth $326,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EOG. Vest Financial LLC grew its stake in EOG Resources by 19.9% during the 3rd quarter. Vest Financial LLC now owns 214,756 shares of the energy exploration company's stock valued at $26,400,000 after acquiring an additional 35,613 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of EOG Resources by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 73,151 shares of the energy exploration company's stock worth $8,992,000 after purchasing an additional 1,793 shares during the last quarter. DMC Group LLC boosted its holdings in shares of EOG Resources by 2.5% during the 3rd quarter. DMC Group LLC now owns 9,417 shares of the energy exploration company's stock worth $1,158,000 after purchasing an additional 234 shares during the last quarter. Cedrus LLC grew its position in shares of EOG Resources by 14.4% in the third quarter. Cedrus LLC now owns 2,971 shares of the energy exploration company's stock valued at $365,000 after purchasing an additional 375 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of EOG Resources by 2.1% in the third quarter. Resonant Capital Advisors LLC now owns 20,846 shares of the energy exploration company's stock valued at $2,563,000 after purchasing an additional 433 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, September 30th. KeyCorp dropped their price objective on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday. Truist Financial cut their price objective on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Finally, Morgan Stanley cut their price target on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average price target of $141.20.

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company's stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company's stock.

EOG Resources Trading Down 0.3 %

NYSE:EOG traded down $0.42 on Friday, reaching $126.62. 2,990,804 shares of the company's stock were exchanged, compared to its average volume of 3,180,451. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $126.24 and a 200-day moving average of $127.06.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm earned $2.49 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources's dividend payout ratio (DPR) is 28.75%.

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.