Vanguard Boosts EOG Resources Stake to 7.08%

TL;DR

**Vanguard upped its EOG stake to 7.08%, signaling bullish sentiment.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in EOG Resources Inc. As of December 29, 2023, Vanguard beneficially owned 40,793,668 shares of EOG Resources' Common Stock, representing 7.08% of the company. This is an increase from their previous reported stake, indicating Vanguard's continued confidence in EOG Resources, which could signal stability or growth potential for current and prospective shareholders.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, has increased its stake in EOG Resources, which can be seen as a vote of confidence in the company's future performance and stability.

Risk Assessment

Risk Level: low — This filing indicates increased institutional ownership, generally considered a positive sign for a company's stability and future prospects.

Analyst Insight

A smart investor would view Vanguard's increased stake as a positive signal, potentially indicating long-term value in EOG Resources, and might consider further research into EOG's fundamentals or adding it to their portfolio.

Key Numbers

• 40,793,668 — Shares Beneficially Owned (The total number of EOG Resources Common Stock shares held by The Vanguard Group as of December 29, 2023.)
• 7.08% — Percentage of Class (The percentage of EOG Resources' Common Stock that The Vanguard Group beneficially owns, indicating a significant stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• EOG Resources Inc (company) — subject company whose securities are being reported
• 40,793,668 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 7.08% (dollar_amount) — percentage of EOG Resources' Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain or slightly increase its stake in EOG Resources over the next year. (The Vanguard Group) — medium confidence, target: 2025-02-13

FAQ

From the Filing

0001104659-24-020858.txt : 20240213 0001104659-24-020858.hdr.sgml : 20240213 20240213170431 ACCESSION NUMBER: 0001104659-24-020858 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628269 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0858-eogresourcesinc.htm SCHEDULE 13G/A eogresourcesinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  EOG Resources Inc Title of Class of Securities:  Common Stock CUSIP Number:  26875P101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  26875P101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 737,544 7.  SOLE DISPOSITIVE POWER 51,606,020 8.  SHARED DISPOSITIVE POWER 2,522,900 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,128,920 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.28% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: EOG Resources Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1111 Bagby Street, Sky Lobby 2 Houston, TX 77002-2551 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Titl