QRG Capital Management Inc. Sells 6,606 Shares of EOG Resources, Inc. $EOG

QRG Capital Management Inc. reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 75,901 shares of the energy exploration company’s stock after selling 6,606 shares during the quarter. QRG Capital Management Inc.’s holdings in EOG Resources were worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors grew its stake in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of EOG Resources during the 3rd quarter worth $87,193,000. TD Asset Management Inc raised its stake in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after purchasing an additional 662,539 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of EOG Resources by 140.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after buying an additional 644,569 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of EOG Resources by 1,697.1% in the 4th quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company’s stock worth $63,009,000 after buying an additional 566,635 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.5%

Shares of EOG opened at $140.90 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The business has a 50-day moving average of $135.28 and a 200 day moving average of $117.95. The firm has a market cap of $75.49 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is 44.79%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Stephens raised their price objective on shares of EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Piper Sandler boosted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. BMO Capital Markets increased their target price on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Citigroup decreased their price target on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Williams Trading set a $177.00 price target on shares of EOG Resources in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $153.68.

View Our Latest Analysis on EOG Resources

Key Stories Impacting EOG Resources

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EOG Resources Company Profile

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

See Also

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

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