Renasant Bank Has $1.09 Million Holdings in EOG Resources, Inc. $EOG

Renasant Bank boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 191.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,079 shares of the energy exploration company’s stock after buying an additional 5,962 shares during the period. Renasant Bank’s holdings in EOG Resources were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter valued at about $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $29,000. Finally, WPG Advisers LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $36,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EOG shares. Melius Research initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Susquehanna upped their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Mizuho dropped their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Roth Capital lowered their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $140.72.

EOG Resources Stock Up 2.6%

EOG Resources stock opened at $109.32 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The company’s 50-day moving average is $111.65 and its 200-day moving average is $115.55. The firm has a market capitalization of $59.69 billion, a PE ratio of 10.62, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company posted $2.89 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

EOG Resources Company 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.