Principal Financial Group Inc. Decreases Holdings in EOG Resources, Inc. $EOG

Principal Financial Group Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,812,281 shares of the energy exploration company’s stock after selling 19,525 shares during the period. Principal Financial Group Inc.’s holdings in EOG Resources were worth $190,308,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Capital World Investors increased its holdings in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares in the last quarter. Capital Research Global Investors increased its stake in shares of EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 0.8% in the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after purchasing an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

EOG has been the subject of several recent research reports. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Jefferies Financial Group lifted their target price on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, BMO Capital Markets lifted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $153.68.

Check Out Our Latest Analysis on EOG

EOG Resources Price Performance

EOG stock opened at $140.90 on Wednesday. The firm has a 50 day moving average of $135.28 and a 200-day moving average of $117.95. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $75.49 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the business earned $2.87 earnings per share. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources, Inc. will post 14.75 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

EOG Resources Company Profile

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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

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