EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,719 shares of the energy exploration company’s stock after buying an additional 92 shares during the period. Hancock Whitney Corp’s holdings in EOG Resources were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Mizuho reissued a “neutral” rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. KeyCorp dropped their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.25.

EOG Resources Price Performance

EOG stock opened at $113.07 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock’s 50 day moving average price is $120.51 and its 200 day moving average price is $125.69. The firm has a market cap of $62.36 billion, a P/E ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 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 Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.