Quantbot Technologies LP Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Quantbot Technologies LP lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 47.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,153 shares of the energy exploration company’s stock after selling 5,582 shares during the period. Quantbot Technologies LP’s holdings in EOG Resources were worth $754,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC increased its position in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Franklin Resources Inc. increased its holdings in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new stake in EOG Resources in the 4th quarter valued at about $171,193,000. Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of EOG Resources by 577.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after buying an additional 593,823 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of 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 represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of several analyst reports. Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company dropped their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Piper Sandler decreased their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.95.

EOG Resources Stock Up 1.4 %

EOG opened at $129.12 on Thursday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The business has a 50 day moving average price of $128.65 and a two-hundred day moving average price of $127.61. 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 company has a market cap of $71.52 billion, a PE ratio of 10.40, a P/E/G ratio of 3.58 and a beta of 1.25.

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

EOG Resources Announces Dividend

The company 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 of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

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.