Natixis Advisors LLC Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Natixis Advisors LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 498,189 shares of the energy exploration company’s stock after buying an additional 57,181 shares during the quarter. Natixis Advisors LLC’s holdings in EOG Resources were worth $61,068,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Financial Life Planners purchased a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EOG shares. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.86.

Insider Buying and Selling

In related 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 transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $124.04 on Friday. The firm has a 50 day simple moving average of $129.55 and a 200 day simple moving average of $127.61. 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, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The firm has a market cap of $68.71 billion, a P/E ratio of 9.99, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources’s payout ratio is currently 34.73%.

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.