Atlantic Union Bankshares Corp Acquires Shares of 11,778 EOG Resources, Inc. (NYSE:EOG)

Atlantic Union Bankshares Corp bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,778 shares of the energy exploration company’s stock, valued at approximately $1,506,000.

A number of other hedge funds have also modified their holdings of the business. Federated Hermes Inc. boosted its holdings in shares of EOG Resources by 3.1% during the 3rd quarter. Federated Hermes Inc. now owns 9,812 shares of the energy exploration company’s stock worth $1,244,000 after purchasing an additional 292 shares during the last quarter. Operose Advisors LLC purchased a new stake in EOG Resources in the 3rd quarter valued at $53,000. Mather Group LLC. increased its stake in shares of EOG Resources by 7.5% in the 3rd quarter. Mather Group LLC. now owns 10,276 shares of the energy exploration company’s stock worth $1,303,000 after acquiring an additional 720 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of EOG Resources by 0.9% in the third quarter. Synovus Financial Corp now owns 43,129 shares of the energy exploration company’s stock valued at $5,467,000 after purchasing an additional 382 shares during the period. Finally, Bank of Nova Scotia increased its position in EOG Resources by 13.9% during the third quarter. Bank of Nova Scotia now owns 54,033 shares of the energy exploration company’s stock worth $6,849,000 after purchasing an additional 6,593 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays started coverage on shares of EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price on the stock. Mizuho raised their target price on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. KeyCorp assumed coverage on EOG Resources in a research note on Thursday. They issued an “overweight” rating and a $157.00 price target on the stock. Susquehanna boosted their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus lowered their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $143.19.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the 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 sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 over the last ninety days. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 1.1 %

EOG stock opened at $125.87 on Friday. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company’s 50 day moving average price is $126.28 and its 200 day moving average price is $122.38. 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 capitalization of $72.34 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.73 and a beta of 1.32.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.99 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

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.