EOG Resources, Inc. (NYSE:EOG) Position Trimmed by NBC Securities Inc.

NBC Securities Inc. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,991 shares of the energy exploration company’s stock after selling 206 shares during the period. NBC Securities Inc.’s holdings in EOG Resources were worth $254,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in EOG Resources by 5.3% during the first quarter. CWM LLC now owns 16,530 shares of the energy exploration company’s stock worth $2,113,000 after buying an additional 836 shares in the last quarter. Northside Capital Management LLC purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $28,924,000. Moody National Bank Trust Division lifted its position in shares of EOG Resources by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after acquiring an additional 87 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of EOG Resources by 9.3% in the 1st quarter. Trust Co. of Toledo NA OH now owns 13,221 shares of the energy exploration company’s stock valued at $1,690,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $24,536,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on EOG shares. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Stifel Nicolaus reduced their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Truist Financial downgraded shares of EOG Resources from a “buy” rating to a “hold” rating and reduced their price target for the company from $163.00 to $136.00 in a research report on Thursday, May 16th. JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.19.

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.0 %

EOG stock opened at $122.05 on Friday. The firm has a market cap of $70.14 billion, a PE ratio of 9.64, a PEG ratio of 1.69 and a beta of 1.32. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $106.34 and a 1 year high of $139.67. The company has a fifty day simple moving average of $127.01 and a 200 day simple moving average of $122.19.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

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.