Moody National Bank Trust Division Buys 87 Shares of EOG Resources, Inc. (NYSE:EOG)

Moody National Bank Trust Division raised its stake in EOG Resources, Inc. (NYSE:EOG) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,420 shares of the energy exploration company’s stock after purchasing an additional 87 shares during the period. Moody National Bank Trust Division’s holdings in EOG Resources were worth $1,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its stake in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares during the last quarter. Bison Wealth LLC raised its stake in shares of EOG Resources by 1.6% during the third quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock worth $682,000 after buying an additional 86 shares during the last quarter. Fragasso Group Inc. raised its stake in shares of EOG Resources by 2.2% during the fourth quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after buying an additional 86 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after buying an additional 89 shares during the last quarter. Finally, First United Bank & Trust raised its stake in shares of EOG Resources by 1.8% during the fourth quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock worth $624,000 after buying an additional 91 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 0.4 %

EOG Resources stock opened at $119.50 on Thursday. The stock has a market capitalization of $68.68 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. EOG Resources, Inc. has a twelve month low of $106.34 and a twelve month high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $127.58 and a 200-day moving average of $122.20.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. TD Cowen boosted their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Bank of America reissued a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Susquehanna boosted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $143.19.

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.