First United Bank & Trust Trims Stock Position in EOG Resources, Inc. (NYSE:EOG)

First United Bank & Trust trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,965 shares of the energy exploration company’s stock after selling 535 shares during the period. First United Bank & Trust’s holdings in EOG Resources were worth $610,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EOG. UniSuper Management Pty Ltd raised its holdings in shares of EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after acquiring an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in shares of EOG Resources during the first quarter worth about $1,217,000. Romano Brothers AND Company acquired a new position in shares of EOG Resources in the first quarter valued at approximately $1,349,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EOG Resources by 57.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock valued at $46,192,000 after buying an additional 138,869 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in EOG Resources by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after acquiring an additional 9,894 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 3.2 %

Shares of NYSE:EOG opened at $127.28 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a 50 day moving average of $126.15 and a two-hundred day moving average of $127.17. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the company earned $2.49 earnings per share. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Truist Financial lowered their price target on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, September 30th. KeyCorp started coverage on shares of EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Sanford C. Bernstein lowered their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Fourteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.55.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Company 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.