First Bank & Trust Takes $205,000 Position in EOG Resources, Inc. (NYSE:EOG)

First Bank & Trust acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,788 shares of the energy exploration company’s stock, valued at approximately $205,000.

Several other large investors also recently modified their holdings of EOG. Ossiam grew its stake in shares of EOG Resources by 1,206.7% in the 4th quarter. Ossiam now owns 196 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC bought a new position in EOG Resources in the 1st quarter valued at $25,000. Kalos Management Inc. bought a new position in EOG Resources in the 1st quarter valued at $27,000. Fortis Capital Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $28,000. Finally, Lumature Wealth Partners LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at $28,000. 89.21% of the stock is currently owned by institutional investors.

EOG Resources Stock Down 0.2 %

NYSE EOG opened at $131.89 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 2.02 and a debt-to-equity ratio of 0.14. EOG Resources, Inc. has a 1-year low of $98.52 and a 1-year high of $150.88. The company has a 50 day moving average of $128.38 and a 200-day moving average of $118.72. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.42 and a beta of 1.57.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.08 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.30 annualized dividend and a yield of 2.50%. EOG Resources’s dividend payout ratio is currently 22.24%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the completion of the transaction, the chief operating officer now directly owns 145,259 shares in the company, valued at $18,994,066.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the sale, the chief operating officer now owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the sale, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of analyst reports. Mizuho increased their price target on EOG Resources from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley raised their price objective on EOG Resources from $125.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Royal Bank of Canada decreased their price objective on EOG Resources from $150.00 to $145.00 in a report on Wednesday, July 12th. Evercore ISI decreased their price objective on EOG Resources from $115.00 to $113.00 in a report on Monday, July 10th. Finally, Piper Sandler raised their price objective on EOG Resources from $156.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, August 14th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.21.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.