Sendero Wealth Management LLC Has $3.37 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Sendero Wealth Management LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,376 shares of the energy exploration company’s stock after purchasing an additional 5,067 shares during the period. Sendero Wealth Management LLC’s holdings in EOG Resources were worth $3,372,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after acquiring an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after acquiring an additional 1,029,727 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of EOG Resources by 863.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after acquiring an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after acquiring an additional 340,902 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EOG shares. JPMorgan Chase & Co. increased their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Mizuho increased their price objective on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and decreased their price objective for the company from $163.00 to $136.00 in a report on Thursday, May 16th. Finally, KeyCorp started coverage on EOG Resources in a report on Thursday. They issued an “overweight” rating and a $157.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $1.32 during mid-day trading on Friday, hitting $125.87. 4,027,569 shares of the stock were exchanged, compared to its average volume of 3,286,895. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a 50-day simple moving average of $126.28 and a 200 day simple moving average of $122.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The company has a market capitalization of $72.34 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.73 and a beta of 1.32.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.