State Street Corp. Amends EOG Resources Stake, Signals Passive Holding

Ticker: EOG · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**State Street Corp. still owns a big chunk of EOG Resources, but it's a passive stake.**

AI Summary

State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of EOG Resources Inc. common stock as of December 31, 2023. This filing indicates that State Street Corporation holds a significant, though passive, stake in EOG Resources, an oil and natural gas company. This matters to investors because large institutional holdings can signal confidence in a company's long-term prospects, potentially influencing stock stability and investor sentiment.

Why It Matters

This filing confirms State Street Corporation's continued significant, yet passive, investment in EOG Resources, which can provide a baseline of institutional support for the stock.

Risk Assessment

Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive holding, which generally poses low risk to the stock.

Analyst Insight

Investors should note that State Street Corporation's passive stake suggests a long-term, hands-off investment approach, which doesn't signal any immediate strategic changes for EOG Resources. This filing primarily confirms existing institutional interest.

Key Players & Entities

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's stock but do not intend to influence or control the company. The 'A' indicates it's an amendment to a previously filed statement, as seen in the 'AMENDED FILING' designation.

Who is the reporting person in this specific filing?

The reporting person is State Street Corporation, identified by its name and IRS Identification No. 04-2456637, as stated on page 2 of 5.

What is the subject company whose securities are being reported?

The subject company is EOG Resources Inc., identified by its name and CUSIP number 26875P101, as stated on the cover page.

What type of securities are covered by this filing?

This filing covers 'COMMON STOCK' of EOG Resources Inc., as specified on the cover page of the Schedule 13G.

What was the 'Date of Event Which Requires Filing of This Statement' for this SC 13G/A?

The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was 12/31/2023, as indicated on the cover page of the filing.

From the Filing

0000093751-24-000299.txt : 20240129 0000093751-24-000299.hdr.sgml : 20240129 20240129100556 ACCESSION NUMBER: 0000093751-24-000299 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EOG RESOURCES INC CENTRAL INDEX KEY: 0000821189 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 470684736 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40827 FILM NUMBER: 24570971 BUSINESS ADDRESS: STREET 1: 1111 BAGBY, SKY LOBBY 2 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136517000 MAIL ADDRESS: STREET 1: 1111 BAGBY, SKY LOBBY 2 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: ENRON OIL & GAS CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 EOG_Resources_Inc.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING EOG RESOURCES INC (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 26875P101 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:26875P101 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 26,493,920 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 35,436,238 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,456,435 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.08% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 26875P101 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER EOG RESOURCES INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE OF ORGANIZATION) OF C

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