EOG Resources, Inc. (NYSE:EOG) Position Reduced by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOGGet Rating) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the energy exploration company’s stock after selling 3,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in EOG Resources were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Trust Investment Advisors lifted its position in shares of EOG Resources by 1.9% in the 4th quarter. Trust Investment Advisors now owns 5,201 shares of the energy exploration company’s stock worth $462,000 after buying an additional 98 shares during the last quarter. West Oak Capital LLC lifted its position in shares of EOG Resources by 4.0% in the 4th quarter. West Oak Capital LLC now owns 2,611 shares of the energy exploration company’s stock worth $232,000 after buying an additional 100 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of EOG Resources by 1.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 8,547 shares of the energy exploration company’s stock worth $759,000 after buying an additional 101 shares during the last quarter. Shaker Investments LLC OH lifted its position in shares of EOG Resources by 0.7% in the 4th quarter. Shaker Investments LLC OH now owns 13,890 shares of the energy exploration company’s stock worth $1,234,000 after buying an additional 103 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of EOG Resources by 2.0% in the 4th quarter. Alps Advisors Inc. now owns 5,334 shares of the energy exploration company’s stock worth $474,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

EOG has been the topic of a number of recent research reports. Susquehanna raised their price target on shares of EOG Resources from $135.00 to $147.00 in a research report on Monday, April 25th. Truist Financial increased their price objective on shares of EOG Resources from $150.00 to $178.00 in a report on Thursday, April 21st. Morgan Stanley increased their price objective on shares of EOG Resources from $121.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, April 22nd. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada increased their price objective on shares of EOG Resources from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 7th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $131.70.

Shares of EOG traded down $0.90 during mid-day trading on Thursday, hitting $120.39. The company’s stock had a trading volume of 193,807 shares, compared to its average volume of 4,672,405. EOG Resources, Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $132.35. The firm has a 50-day moving average price of $119.68 and a 200 day moving average price of $105.78. The stock has a market capitalization of $70.51 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.27 and a beta of 1.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.12 and a quick ratio of 1.98.

EOG Resources (NYSE:EOGGet Rating) last announced its earnings results on Thursday, May 5th. The energy exploration company reported $4.00 EPS for the quarter, topping the consensus estimate of $3.69 by $0.31. EOG Resources had a net margin of 23.12% and a return on equity of 29.75%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 16.28 EPS for the current fiscal year.

The company also recently announced a None dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a $1.80 dividend. The ex-dividend date is Tuesday, June 14th. EOG Resources’s payout ratio is 40.05%.

In related news, EVP Jeffrey R. Leitzell sold 4,662 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $121.48, for a total transaction of $566,339.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 11,327 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $117.15, for a total transaction of $1,326,958.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,677 shares of company stock valued at $2,343,086. Corporate insiders own 0.40% of the company’s stock.

About EOG Resources (Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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