EOG Resources, Inc. $EOG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,768,072 shares of the energy exploration company’s stock after selling 79,121 shares during the period. Bank of New York Mellon Corp’s holdings in EOG Resources were worth $422,476,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EOG. Alliancebernstein L.P. boosted its position in EOG Resources by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after buying an additional 249,984 shares during the last quarter. Invesco Ltd. lifted its stake in shares of EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after acquiring an additional 294,641 shares in the last quarter. First Trust Advisors LP boosted its holdings in EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after purchasing an additional 1,456,928 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in EOG Resources by 6.8% during 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 purchasing an additional 184,387 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of EOG Resources by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,327,688 shares of the energy exploration company’s stock worth $278,414,000 after buying an additional 154,775 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on EOG. Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a research report on Wednesday, January 14th. Susquehanna decreased their price target on EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a research note on Monday. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. UBS Group reaffirmed a “buy” rating and set a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Finally, Roth Mkm lowered their price target on EOG Resources from $114.00 to $108.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $134.07.

EOG Resources Stock Up 2.3%

Shares of EOG Resources stock opened at $111.06 on Thursday. The stock has a market capitalization of $60.26 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 9.38 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $106.70 and its 200-day simple moving average is $111.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the business earned $2.89 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

EOG Resources Company Profile

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.