Sumitomo Mitsui Trust Holdings Inc. Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,482,004 shares of the energy exploration company’s stock after selling 11,951 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of EOG Resources worth $179,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $28,000. Lumature Wealth Partners LLC purchased a new stake in shares of EOG Resources during the 1st quarter worth $28,000. McIlrath & Eck LLC boosted its position in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Finally, Peoples Bank KS purchased a new stake in shares of EOG Resources in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.4 %

EOG Resources stock opened at $135.29 on Monday. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company has a 50-day simple moving average of $121.36 and a 200-day simple moving average of $121.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market capitalization of $77.82 billion, a P/E ratio of 10.40 and a beta of 1.40.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the business earned $3.30 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 11.95 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. EOG Resources’s payout ratio is 27.98%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Susquehanna reduced their target price on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Truist Financial reduced their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Raymond James dropped their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $147.00 to $140.00 in a research note on Friday, January 5th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.86.

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.