EOG Resources, Inc. (NYSE:EOG) Stake Reduced by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 69,137 shares of the energy exploration company’s stock after selling 2,629 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in EOG Resources were worth $8,475,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EOG. Franklin Resources Inc. raised its holdings in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC boosted its position in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after acquiring an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after purchasing an additional 333,947 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of EOG Resources by 1,003.6% during the third quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock valued at $42,185,000 after purchasing an additional 312,064 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

EOG Resources Stock Down 0.1 %

EOG opened at $126.50 on Friday. The company has a market capitalization of $71.15 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The business has a 50-day moving average of $127.93 and a 200-day moving average of $127.28. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter last year, the firm earned $3.44 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on EOG. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of EOG Resources in a report on Monday, January 6th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Piper Sandler raised their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Thirteen equities 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.com, the company has a consensus rating of “Hold” and a consensus target price of $143.90.

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.