First National Advisers LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

First National Advisers LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,193 shares of the energy exploration company’s stock after purchasing an additional 217 shares during the period. EOG Resources comprises about 0.8% of First National Advisers LLC’s portfolio, making the stock its 29th largest holding. First National Advisers LLC’s holdings in EOG Resources were worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter valued at about $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.86.

EOG Resources Trading Up 2.4 %

Shares of EOG Resources stock opened at $124.04 on Friday. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The firm has a market cap of $68.71 billion, a PE ratio of 9.99, a PEG ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a 50 day simple moving average of $129.55 and a two-hundred day simple moving average of $127.61.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. 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. Stockholders 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 dividend yield of 3.14%. EOG Resources’s payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

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.