Huntington National Bank decreased its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 38.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,739 shares of the energy exploration company’s stock after selling 52,558 shares during the period. Huntington National Bank’s holdings in EOG Resources were worth $8,688,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Olistico Wealth LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. lifted its holdings in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter valued at $38,000. AXS Investments LLC bought a new position in EOG Resources during the third quarter valued at $41,000. Finally, City Holding Co. increased its position in EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on EOG. Raymond James Financial boosted their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Citigroup reiterated a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Truist Financial boosted their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.39.
Insider Activity
In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by company insiders.
EOG Resources Stock Up 0.2%
Shares of EOG Resources stock opened at $134.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm’s 50-day moving average is $138.09 and its two-hundred day moving average is $121.67. The stock has a market cap of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27.
EOG Resources (NYSE:EOG – Get Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the business earned $2.87 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.
EOG Resources Company Profile
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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