Groupama Asset Managment Sells 7,356 Shares of EOG Resources, Inc. $EOG

Groupama Asset Managment reduced its position in EOG Resources, Inc. (NYSE:EOG) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,130 shares of the energy exploration company’s stock after selling 7,356 shares during the quarter. Groupama Asset Managment’s holdings in EOG Resources were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after purchasing an additional 68,888 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of EOG Resources by 66.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after purchasing an additional 7,877 shares during the last quarter. L2 Asset Management LLC increased its stake in shares of EOG Resources by 69.6% in the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after buying an additional 7,940 shares during the period. Alberta Investment Management Corp increased its stake in shares of EOG Resources by 254.5% in the third quarter. Alberta Investment Management Corp now owns 19,500 shares of the energy exploration company’s stock worth $2,186,000 after buying an additional 14,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after buying an additional 24,984 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.05 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $136.14 and a two-hundred day simple moving average of $124.71.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EOG. Capital One Financial dropped their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Barclays boosted their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Piper Sandler upped their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial raised their target price on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.32.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.