EOG Resources, Inc. (NYSE:EOG) Shares Purchased by First Business Financial Services Inc.

First Business Financial Services Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,605 shares of the energy exploration company’s stock after acquiring an additional 453 shares during the period. First Business Financial Services Inc.’s holdings in EOG Resources were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd increased its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter valued at $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler upped their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Truist Financial upped their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Barclays lowered their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.10.

EOG Resources Stock Up 0.0 %

EOG opened at $122.15 on Thursday. EOG Resources, Inc. has a twelve month low of $115.57 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $129.36 and a 200 day moving average price of $127.76. The company has a market cap of $68.70 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. EOG Resources’s payout ratio is 34.73%.

EOG Resources announced that its board has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by 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.