Amundi Purchases 26,370 Shares of EOG Resources, Inc. (NYSE:EOG)

Amundi increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,986,074 shares of the energy exploration company’s stock after buying an additional 26,370 shares during the quarter. Amundi’s holdings in EOG Resources were worth $255,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Dorsey & Whitney Trust CO LLC increased its stake in shares of EOG Resources by 8.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,887 shares of the energy exploration company’s stock valued at $476,000 after buying an additional 314 shares in the last quarter. Naviter Wealth LLC acquired a new position in EOG Resources in the fourth quarter valued at about $410,000. Marble Harbor Investment Counsel LLC boosted its stake in EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock worth $12,630,000 after acquiring an additional 3,150 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of EOG Resources by 6.3% in the 4th quarter. Larson Financial Group LLC now owns 4,478 shares of the energy exploration company’s stock valued at $549,000 after buying an additional 265 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of EOG Resources during the fourth quarter worth about $1,606,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EOG shares. Piper Sandler dropped their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. UBS Group lowered their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.80.

EOG Resources Stock Performance

Shares of EOG opened at $125.41 on Friday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The business’s 50 day moving average price is $129.50 and its 200-day moving average price is $127.72. The stock has a market cap of $69.47 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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 return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio is 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.