Massmutual Trust Co. FSB ADV Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Massmutual Trust Co. FSB ADV decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,128 shares of the energy exploration company’s stock after selling 3,530 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in EOG Resources were worth $4,170,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wright Investors Service Inc. boosted its position in EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after purchasing an additional 80 shares during the last quarter. Field & Main Bank grew its position in shares of EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after acquiring an additional 83 shares during the period. PDS Planning Inc increased its stake in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after purchasing an additional 84 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of EOG Resources by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after purchasing an additional 87 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its stake in EOG Resources by 26.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the business’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 owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.2 %

EOG Resources stock traded up $0.26 during trading hours on Monday, reaching $123.18. The company had a trading volume of 5,001,349 shares, compared to its average volume of 3,211,864. The firm has a market cap of $70.79 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a 50-day moving average price of $124.57 and a 200 day moving average price of $123.78.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.49 EPS. Equities analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. TD Cowen upped their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. KeyCorp started coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Bank of America reissued a “buy” rating and set a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Mizuho raised their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Truist Financial cut their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Fifteen research 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 company’s stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $143.40.

EOG Resources 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.