Vaughan Nelson Investment Management L.P. Acquires 12,795 Shares of EOG Resources, Inc. $EOG

Vaughan Nelson Investment Management L.P. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 70.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,070 shares of the energy exploration company’s stock after purchasing an additional 12,795 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in EOG Resources were worth $3,263,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Capital World Investors increased its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Capital Research Global Investors lifted its stake in EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of EOG Resources by 4.2% during 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 acquiring an additional 249,984 shares during the last quarter. Northern Trust Corp grew its stake in shares of EOG Resources by 0.8% in the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after acquiring an additional 49,987 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after purchasing an additional 344,291 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,532 shares of company stock valued at $1,666,045. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 3.7%

NYSE:EOG opened at $144.38 on Wednesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The business has a fifty day moving average price of $124.99 and a 200-day moving average price of $114.21. The firm has a market capitalization of $77.35 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the previous year, the business earned $2.74 earnings per share. EOG Resources’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s payout ratio is 44.79%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of EOG Resources from $115.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group dropped their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Capital One Financial reduced their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Truist Financial assumed coverage on EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.81.

View Our Latest Research Report on EOG

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About EOG Resources

(Free Report)

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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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