Natixis Sells 546,787 Shares of EOG Resources, Inc. (NYSE:EOG)

Natixis reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 94.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,344 shares of the energy exploration company’s stock after selling 546,787 shares during the period. Natixis’ holdings in EOG Resources were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EOG. Westside Investment Management Inc. boosted its holdings in shares of EOG Resources by 15.7% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock worth $226,000 after purchasing an additional 250 shares during the period. Chelsea Counsel Co. boosted its stake in EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock worth $641,000 after buying an additional 100 shares during the period. World Investment Advisors LLC bought a new position in EOG Resources during the third quarter valued at $730,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of EOG Resources by 26.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock worth $8,822,000 after acquiring an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of EOG Resources by 4.7% during the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company’s stock worth $7,227,000 after purchasing an additional 2,634 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 note on Monday, January 13th. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Mizuho reiterated a “neutral” rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus price target of $143.71.

EOG Resources Stock Down 1.2 %

NYSE:EOG opened at $109.15 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company’s 50-day simple moving average is $121.90 and its 200-day simple moving average is $126.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $60.20 billion, a P/E ratio of 8.79, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate 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 anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.57%. EOG Resources’s payout ratio is 34.73%.

EOG Resources Company 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.