Candriam S.C.A. Sells 151 Shares of EOG Resources, Inc. (NYSE:EOG)

Candriam S.C.A. decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,031 shares of the energy exploration company’s stock after selling 151 shares during the period. Candriam S.C.A.’s holdings in EOG Resources were worth $4,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays decreased their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Bank of America restated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Raymond James upped their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $145.80.

EOG Resources Trading Up 2.6 %

NYSE:EOG opened at $125.41 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $69.47 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. The firm has a fifty day simple moving average of $129.50 and a two-hundred day simple moving average of $127.72. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) 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.