EOG Resources, Inc. (NYSE:EOG) Shares Sold by Renaissance Group LLC

Renaissance Group LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 94.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,252 shares of the energy exploration company’s stock after selling 247,030 shares during the quarter. Renaissance Group LLC’s holdings in EOG Resources were worth $1,747,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of EOG Resources by 486.6% during the 4th quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company’s stock worth $89,018,000 after purchasing an additional 602,400 shares during the period. Bank of Nova Scotia increased its stake in EOG Resources by 743.0% in the fourth quarter. Bank of Nova Scotia now owns 616,172 shares of the energy exploration company’s stock valued at $75,530,000 after purchasing an additional 543,082 shares during the last quarter. Shelton Capital Management lifted its position in EOG Resources by 28.8% during the fourth quarter. Shelton Capital Management now owns 4,472 shares of the energy exploration company’s stock worth $548,000 after buying an additional 1,000 shares during the period. Twin Capital Management Inc. boosted its stake in EOG Resources by 25.6% in the 4th quarter. Twin Capital Management Inc. now owns 36,653 shares of the energy exploration company’s stock worth $4,493,000 after buying an additional 7,465 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in EOG Resources by 5.3% in the 4th quarter. Invesco Ltd. now owns 4,409,619 shares of the energy exploration company’s stock valued at $540,531,000 after buying an additional 222,188 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Bank of America reissued a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen equities research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $144.67.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $104.79 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $125.65 and a 200-day simple moving average of $127.43. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $103.46 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

About EOG Resources

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.