Rockefeller Capital Management L.P. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 31.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 803,738 shares of the energy exploration company’s stock after purchasing an additional 194,031 shares during the period. Rockefeller Capital Management L.P.’s holdings in EOG Resources were worth $84,401,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in shares of EOG Resources in the 2nd quarter worth about $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources in the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the period. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. increased its position in EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Stock Performance
Shares of NYSE:EOG opened at $130.05 on Friday. The company has a market cap of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The business’s 50-day simple moving average is $135.96 and its 200 day simple moving average is $124.75.
EOG Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.
Analyst Upgrades and Downgrades
EOG has been the topic of several research reports. Sanford C. Bernstein cut their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Wolfe Research boosted their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Royal Bank Of Canada increased their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Capital One Financial cut their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average target price of $156.32.
View Our Latest Stock Analysis on EOG
Insider Activity at EOG Resources
In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.
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.
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