Price T Rowe Associates Inc. MD Has $1.17 Billion Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Price T Rowe Associates Inc. MD decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,158,664 shares of the energy exploration company’s stock after selling 723,375 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.59% of EOG Resources worth $1,170,845,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new position in shares of EOG Resources during the 4th quarter worth $5,443,000. TIAA Trust National Association increased its stake in shares of EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after purchasing an additional 49,840 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its stake in shares of EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after purchasing an additional 6,154 shares during the last quarter. L. Roy Papp & Associates LLP increased its stake in shares of EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, AIA Group Ltd increased its stake in shares of EOG Resources by 128.0% during the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the sale, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $0.11 during mid-day trading on Friday, reaching $127.15. 2,214,477 shares of the stock were exchanged, compared to its average volume of 2,510,345. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $124.73 and a 200 day simple moving average of $123.34. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $2.69 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EOG. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. KeyCorp initiated coverage on shares of EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective for the company. Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Piper Sandler upped their price objective on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.20.

About EOG Resources

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.