Midwest Trust Co Invests $275,000 in EOG Resources, Inc. $EOG

Midwest Trust Co bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,298 shares of the energy exploration company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in EOG Resources during the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new position in EOG Resources in the second quarter valued at approximately $29,000. Finally, ORG Partners LLC increased its position in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent analyst reports. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Roth Capital cut their price target on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. UBS Group boosted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Susquehanna upped their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $140.72.

EOG Resources Stock Performance

EOG opened at $108.68 on Thursday. The firm has a market cap of $59.34 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The business’s fifty day moving average is $111.41 and its 200-day moving average is $115.50. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors 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 dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

About EOG Resources

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.