Capital Research Global Investors Has $2.79 Billion Holdings in EOG Resources, Inc. $EOG

Capital Research Global Investors raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,926,659 shares of the energy exploration company’s stock after purchasing an additional 122,486 shares during the quarter. Capital Research Global Investors’ holdings in EOG Resources were worth $2,794,784,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EOG. Cullen Capital Management LLC raised its holdings in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Rockland Trust Co. grew its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after purchasing an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares during the last quarter. AlphaQuest LLC raised its stake in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares in the last quarter. Finally, Railway Pension Investments Ltd raised its stake in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after purchasing an additional 28,800 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $131.48 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $134.36. The firm has a fifty day moving average price of $114.32 and a two-hundred day moving average price of $112.17. The company has a market cap of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.74 EPS. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $11,445,850. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 7,774 shares of company stock worth $945,895 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research increased their price objective on EOG Resources from $140.00 to $152.00 in a report on Monday. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. BMO Capital Markets increased their price target on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Piper Sandler lifted their price objective on shares of EOG Resources from $123.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Johnson Rice decreased their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $135.77.

About EOG Resources

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.