Cape ANN Savings Bank Has $1.07 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Cape ANN Savings Bank lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,679 shares of the energy exploration company’s stock after buying an additional 79 shares during the quarter. Cape ANN Savings Bank’s holdings in EOG Resources were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EOG. Brookstone Capital Management acquired a new stake in EOG Resources in the third quarter worth $217,000. Atomi Financial Group Inc. raised its holdings in shares of EOG Resources by 42.2% during the third quarter. Atomi Financial Group Inc. now owns 4,380 shares of the energy exploration company’s stock valued at $538,000 after purchasing an additional 1,300 shares during the period. Marion Wealth Management boosted its position in shares of EOG Resources by 2.0% during the 3rd quarter. Marion Wealth Management now owns 12,011 shares of the energy exploration company’s stock worth $1,476,000 after purchasing an additional 238 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in EOG Resources by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,254 shares of the energy exploration company’s stock valued at $4,580,000 after buying an additional 1,381 shares in the last quarter. Finally, Greenfield Savings Bank raised its stake in EOG Resources by 16.0% during the 3rd quarter. Greenfield Savings Bank now owns 3,151 shares of the energy exploration company’s stock worth $387,000 after buying an additional 435 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Evercore ISI decreased their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Finally, Morgan Stanley reduced their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $142.15.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.37 on Wednesday. The business’s fifty day simple moving average is $125.34 and its 200 day simple moving average is $126.99. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a market capitalization of $74.93 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.91 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last three months. Company insiders own 0.30% of the company’s stock.

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.