CENTRAL TRUST Co Purchases 1,680 Shares of EOG Resources, Inc. (NYSE:EOG)

CENTRAL TRUST Co raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 17.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,153 shares of the energy exploration company’s stock after acquiring an additional 1,680 shares during the period. CENTRAL TRUST Co’s holdings in EOG Resources were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. McIlrath & Eck LLC boosted its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Sachetta LLC bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $33,000. Hall Laurie J Trustee bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $36,000. Finally, Keener Financial Planning LLC bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $36,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Barclays initiated coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target for the company. Truist Financial downgraded shares of EOG Resources from a “buy” rating to a “hold” rating and dropped their price target for the company from $163.00 to $136.00 in a research report on Thursday, May 16th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Raymond James dropped their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Fifteen investment 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 stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $141.82.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $2.02 during trading on Thursday, hitting $124.03. 3,373,563 shares of the company were exchanged, compared to its average volume of 3,318,198. The business’s 50 day moving average is $130.71 and its 200-day moving average is $122.48. The company has a market capitalization of $71.28 billion, a P/E ratio of 9.80 and a beta of 1.38. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 12.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio is 28.75%.

Insider Buying and Selling

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock valued at $2,144,972 over the last 90 days. 0.30% of the stock is owned by insiders.

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.