EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 12,092 shares of the energy exploration company’s stock after purchasing an additional 1,059 shares during the period. Fiduciary Trust Co’s holdings in EOG Resources were worth $1,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Capital World Investors raised its holdings in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after buying an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock worth $696,990,000 after buying an additional 365,115 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Mizuho reiterated a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Bank of America reiterated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Citigroup cut their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler cut their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.95.

EOG Resources Trading Up 1.3 %

Shares of EOG stock opened at $111.13 on Friday. The stock has a market capitalization of $60.65 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a 50 day moving average price of $116.68 and a 200 day moving average price of $124.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Thursday, July 17th. EOG Resources’s payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.