Assenagon Asset Management S.A. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 70.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,594 shares of the energy exploration company’s stock after selling 781,405 shares during the period. Assenagon Asset Management S.A.’s holdings in EOG Resources were worth $46,493,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after buying an additional 68,888 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after purchasing an additional 7,877 shares during the last quarter. L2 Asset Management LLC raised its stake in EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after purchasing an additional 7,940 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in EOG Resources by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after purchasing an additional 24,984 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co boosted its holdings in EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after purchasing an additional 24,500 shares during the period. Institutional investors own 89.91% of the company’s stock.
EOG Resources Stock Down 0.6%
Shares of NYSE:EOG opened at $133.64 on Friday. The company’s fifty day moving average is $135.81 and its 200-day moving average is $125.50. 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 52 week low of $101.59 and a 52 week high of $151.87. The company has a market capitalization of $71.18 billion, a PE ratio of 13.15 and a beta of 0.25.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.
Analyst Upgrades and Downgrades
EOG has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Jefferies Financial Group boosted their price objective on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Scotiabank lifted their price target on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Raymond James Financial lowered their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a report on Monday. Finally, Truist Financial increased their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.
Insider Activity at EOG Resources
In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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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