DekaBank Deutsche Girozentrale Reduces Position in EOG Resources, Inc. (NYSE:EOG)

DekaBank Deutsche Girozentrale decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,175,048 shares of the energy exploration company’s stock after selling 96,139 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.20% of EOG Resources worth $142,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in EOG Resources in the third quarter worth $26,000. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources in the 2nd quarter worth about $28,000. Eastern Bank bought a new stake in EOG Resources during the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP purchased a new stake in EOG Resources in the 2nd quarter valued at about $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’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 owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 over the last quarter. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Wolfe Research began coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Barclays decreased their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Truist Financial dropped their price target on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Susquehanna decreased their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $141.20.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $123.17 on Friday. The firm has a market capitalization of $70.03 billion, a P/E ratio of 9.51, a PEG ratio of 3.26 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 company has a 50 day moving average price of $125.95 and a 200 day moving average price of $126.74.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.49 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 11.71 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.11%.

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.