Security National Bank Buys Shares of 1,027 EOG Resources, Inc. (NYSE:EOG)

Security National Bank purchased a new position in EOG Resources, Inc. (NYSE:EOGFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,027 shares of the energy exploration company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Envestnet Portfolio Solutions Inc. bought a new stake in EOG Resources in the 3rd quarter worth approximately $4,431,000. MUFG Securities EMEA plc bought a new stake in EOG Resources during the 4th quarter worth approximately $5,443,000. TIAA Trust National Association lifted its stake in shares of EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after buying an additional 49,840 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its stake in EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after buying an additional 6,154 shares in the last quarter. Finally, L. Roy Papp & Associates LLP raised its holdings in EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after acquiring an additional 26,026 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. Mizuho increased their target price on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Stifel Nicolaus cut their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. TD Cowen boosted their target price on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Piper Sandler raised their target price on shares of EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, KeyCorp boosted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $142.09.

View Our Latest Analysis on EOG Resources

EOG Resources Trading Down 0.8 %

EOG Resources stock traded down $1.02 during trading hours on Friday, hitting $120.19. The company had a trading volume of 2,494,458 shares, compared to its average volume of 3,074,643. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $69.07 billion, a P/E ratio of 9.49 and a beta of 1.32. The company has a 50-day moving average price of $129.91 and a two-hundred day moving average price of $122.40. EOG Resources, Inc. has a 1 year low of $106.34 and a 1 year high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.03%. EOG Resources’s dividend payout ratio is currently 28.75%.

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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