Community Bank N.A. Purchases 1,090 Shares of EOG Resources, Inc. (NYSE:EOG)

Community Bank N.A. increased its position in EOG Resources, Inc. (NYSE:EOG) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,452 shares of the energy exploration company’s stock after acquiring an additional 1,090 shares during the period. Community Bank N.A.’s holdings in EOG Resources were worth $1,526,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd lifted its position in shares of EOG Resources by 149.4% in the fourth 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 in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group decreased their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Wolfe Research upgraded 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. Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.33.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, 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 link. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.5 %

Shares of NYSE EOG opened at $124.91 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $69.19 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock’s fifty day simple moving average is $129.11 and its two-hundred day simple moving average is $127.47. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS 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 given 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 3.12%. EOG Resources’s payout ratio is 34.73%.

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.