Natixis Advisors LLC Trims Stake in EOG Resources, Inc. $EOG

Natixis Advisors LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 465,401 shares of the energy exploration company’s stock after selling 59,728 shares during the quarter. Natixis Advisors LLC’s holdings in EOG Resources were worth $52,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in EOG Resources by 4.2% during the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after buying an additional 344,291 shares during the period. Invesco Ltd. lifted its position in shares of EOG Resources by 7.0% during the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after buying an additional 294,641 shares in the last quarter. First Trust Advisors LP grew its stake in shares of EOG Resources by 64.1% during the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in EOG Resources by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock worth $322,663,000 after acquiring an additional 184,387 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $131.48 on Tuesday. The company has a market cap of $70.54 billion, a P/E ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $134.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The firm’s fifty day moving average is $114.32 and its two-hundred day moving average is $112.17.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EOG shares. Roth Mkm reiterated a “neutral” rating and issued a $110.00 price target on shares of EOG Resources in a research report on Wednesday, February 25th. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Stephens raised their price target on EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Capital One Financial dropped their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Citigroup reiterated a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $135.77.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 7,774 shares of company stock worth $945,895. 0.13% of the stock is owned by corporate insiders.

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.