Grimes & Company Inc. Boosts Position in EOG Resources, Inc. (NYSE:EOG)

Grimes & Company Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 141,805 shares of the energy exploration company’s stock after acquiring an additional 9,299 shares during the quarter. Grimes & Company Inc.’s holdings in EOG Resources were worth $18,128,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fragasso Group Inc. increased its position in 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 period. Moody National Bank Trust Division increased its position in EOG Resources by 1.0% during the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after buying an additional 87 shares during the period. FinTrust Capital Advisors LLC increased its position in 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 period. First United Bank & Trust increased its position in 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 period. Finally, Jones Financial Companies Lllp increased its position in EOG Resources by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock worth $72,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several research analyst reports. Citigroup lifted their price target on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Piper Sandler boosted their target price on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Bank of America reissued a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Stifel Nicolaus dropped their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and dropped their target price for the company from $163.00 to $136.00 in a report on Thursday, May 16th. Thirteen equities research 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’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $143.19.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.32 during trading on Friday, reaching $125.87. The company’s stock had a trading volume of 4,029,396 shares, compared to its average volume of 2,784,269. The business has a 50 day moving average price of $126.28 and a 200-day moving average price of $122.42. 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 market capitalization of $72.34 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.99 EPS for the current year.

EOG Resources Dividend Announcement

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. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s 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.