First Trust Advisors LP Has $53.58 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

First Trust Advisors LP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 442,972 shares of the energy exploration company’s stock after selling 1,349 shares during the quarter. First Trust Advisors LP owned 0.08% of EOG Resources worth $53,577,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC grew its holdings in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Sachetta LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $33,000. Hall Laurie J Trustee acquired a new stake in shares of EOG Resources during the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the subject of several recent analyst reports. Piper Sandler upped their price objective on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Barclays initiated coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Mizuho upped their price objective on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. TD Securities dropped their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their price objective on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $142.09.

Check Out Our Latest Stock Analysis on EOG

EOG Resources Price Performance

Shares of EOG opened at $120.19 on Friday. EOG Resources, Inc. has a 1 year low of $106.34 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a market capitalization of $69.07 billion, a price-to-earnings ratio of 9.49 and a beta of 1.32. The business has a 50-day moving average of $129.91 and a 200-day moving average of $122.40.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 3.03%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.30% of the company’s stock.

About EOG Resources

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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