Matrix Trust Co Buys 1,049 Shares of EOG Resources, Inc. (NYSE:EOG)

Matrix Trust Co grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 37.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,827 shares of the energy exploration company’s stock after buying an additional 1,049 shares during the period. Matrix Trust Co’s holdings in EOG Resources were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Essex Financial Services Inc. boosted its stake in EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after buying an additional 79 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after acquiring an additional 80 shares during the last quarter. 1ST Source Bank lifted its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after purchasing an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EOG shares. Raymond James increased their price target on shares of EOG Resources from $148.00 to $158.00 and gave the company a “strong-buy” rating in a report on Monday. Bank of America decreased their price objective on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.58.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Down 1.7%

EOG Resources stock opened at $110.89 on Thursday. The firm has a market cap of $60.52 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business’s 50-day moving average price is $112.16 and its 200 day moving average price is $122.74. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS 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 analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.82 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

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.