Primecap Management Co. CA Has $315.73 Million Position in EOG Resources, Inc. (NYSE:EOG)

Primecap Management Co. CA lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,575,742 shares of the energy exploration company’s stock after selling 147,195 shares during the quarter. Primecap Management Co. CA owned about 0.46% of EOG Resources worth $315,734,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% in the fourth 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 in the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.3 %

EOG stock opened at $123.56 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $68.44 billion, a PE ratio of 9.95, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The stock has a 50-day simple moving average of $129.49 and a two-hundred day simple moving average of $127.56.

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

EOG Resources Dividend Announcement

The company 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 $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.16%. EOG Resources’s payout ratio is 34.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EOG shares. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Truist Financial raised 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. Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.43.

Insider Buying and Selling at EOG Resources

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

EOG Resources Profile

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.