EOG Resources, Inc. (NYSE:EOG) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,417,069 shares of the energy exploration company's stock after acquiring an additional 42,819 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of EOG Resources worth $174,200,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Quantbot Technologies LP acquired a new position in EOG Resources in the 1st quarter valued at about $699,000. Headlands Technologies LLC boosted its position in shares of EOG Resources by 231.4% during the first quarter. Headlands Technologies LLC now owns 1,339 shares of the energy exploration company's stock worth $171,000 after buying an additional 935 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of EOG Resources by 23.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company's stock valued at $3,209,000 after buying an additional 4,749 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of EOG Resources by 10.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 701,343 shares of the energy exploration company's stock valued at $89,660,000 after buying an additional 66,359 shares during the period. Finally, Foundry Partners LLC acquired a new position in EOG Resources during the 1st quarter worth about $324,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Sanford C. Bernstein cut their price target on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 17th. Scotiabank cut their price objective on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Wolfe Research began coverage on EOG Resources in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Piper Sandler cut their price target on EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a report on Thursday, August 15th. Finally, KeyCorp reduced their price target on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average target price of $142.20.

EOG Resources Stock Performance

Shares of EOG traded up $1.21 during mid-day trading on Wednesday, hitting $134.34. 3,578,891 shares of the company's stock were exchanged, compared to its average volume of 3,140,756. The firm has a market capitalization of $75.56 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.53 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business's 50 day moving average is $125.47 and its two-hundred day moving average is $125.92. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources's payout ratio is 29.31%.

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

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 6,500 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were 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 in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

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.