Sei Investments Co. Has $41.70 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Sei Investments Co. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,152 shares of the energy exploration company’s stock after buying an additional 35,823 shares during the period. Sei Investments Co.’s holdings in EOG Resources were worth $41,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EOG. Moors & Cabot Inc. purchased a new position in EOG Resources in the third quarter valued at about $208,000. Great Valley Advisor Group Inc. lifted its holdings in shares of EOG Resources by 5.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company’s stock valued at $214,000 after buying an additional 95 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in EOG Resources by 41.0% in the third quarter. Kingsview Wealth Management LLC now owns 4,490 shares of the energy exploration company’s stock worth $552,000 after buying an additional 1,305 shares during the last quarter. Swedbank AB raised its position in EOG Resources by 132.0% during the third quarter. Swedbank AB now owns 223,432 shares of the energy exploration company’s stock valued at $27,466,000 after acquiring an additional 127,126 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in EOG Resources by 53.2% in the third quarter. Larson Financial Group LLC now owns 4,213 shares of the energy exploration company’s stock valued at $518,000 after acquiring an additional 1,463 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG stock opened at $128.35 on Tuesday. The stock’s fifty day simple moving average is $128.99 and its 200 day simple moving average is $127.55. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The firm has a market cap of $71.10 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Announces Dividend

The company 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 dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.04%. EOG Resources’s dividend payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on EOG shares. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Piper Sandler lowered their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, Raymond James boosted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.33.

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.