Gulf International Bank UK Ltd Grows Stock Position in EOG Resources, Inc. (NYSE:EOG)

Gulf International Bank UK Ltd raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 50,241 shares of the energy exploration company’s stock after buying an additional 231 shares during the period. Gulf International Bank UK Ltd’s holdings in EOG Resources were worth $6,422,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EOG. McIlrath & Eck LLC raised its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Sachetta LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at about $33,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the 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 owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.0 %

EOG Resources stock opened at $122.05 on Friday. EOG Resources, Inc. has a twelve month low of $106.34 and a twelve month high of $139.67. The stock’s fifty day simple moving average is $127.01 and its 200-day simple moving average is $122.19. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $70.14 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.69 and a beta of 1.32.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating 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 firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Susquehanna lifted their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Finally, Barclays assumed coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.19.

About EOG Resources

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.