EOG Resources, Inc. (NYSE:EOG) Holdings Raised by Greenleaf Trust

Greenleaf Trust increased its holdings in EOG Resources, Inc. (NYSE:EOGGet Rating) by 8.7% in the 2nd quarter, Holdings Channel reports. The fund owned 7,407 shares of the energy exploration company’s stock after purchasing an additional 590 shares during the period. Greenleaf Trust’s holdings in EOG Resources were worth $818,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lumature Wealth Partners LLC purchased a new stake in EOG Resources in the 1st quarter worth about $28,000. BDO Wealth Advisors LLC lifted its stake in EOG Resources by 476.2% in the 1st quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Miller Wealth Advisors LLC lifted its stake in EOG Resources by 126.1% in the 2nd quarter. Miller Wealth Advisors LLC now owns 269 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 150 shares in the last quarter. HBC Financial Services PLLC purchased a new stake in EOG Resources in the 1st quarter worth about $33,000. Finally, HM Payson & Co. purchased a new stake in EOG Resources in the 1st quarter worth about $33,000. 88.30% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $142.65 on Thursday. The business has a 50 day moving average price of $129.54 and a 200 day moving average price of $122.01. EOG Resources, Inc. has a twelve month low of $80.67 and a twelve month high of $150.88. The company has a market cap of $83.79 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.36 and a beta of 1.54. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.16.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a dividend of $0.825 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 13th. This represents a $3.30 annualized dividend and a yield of 2.31%. EOG Resources’s dividend payout ratio is presently 23.57%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com assumed coverage on EOG Resources in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Cfra raised EOG Resources from a “market weight” rating to an “overweight” rating in a research report on Thursday, September 29th. Stifel Nicolaus assumed coverage on EOG Resources in a research report on Tuesday, October 25th. They issued a “buy” rating and a $151.00 target price on the stock. Piper Sandler upped their target price on EOG Resources from $165.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Finally, Bank of America upped their target price on EOG Resources from $119.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, September 19th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.68.

Insiders Place Their Bets

In other EOG Resources news, EVP Kenneth W. Boedeker sold 1,995 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $145.09, for a total value of $289,454.55. Following the completion of the sale, the executive vice president now owns 20,978 shares in the company, valued at approximately $3,043,698.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EOG Resources news, EVP Kenneth W. Boedeker sold 1,995 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $145.09, for a total value of $289,454.55. Following the completion of the sale, the executive vice president now owns 20,978 shares in the company, valued at approximately $3,043,698.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lloyd W. Helms, Jr. sold 2,720 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $146.08, for a total value of $397,337.60. Following the completion of the sale, the chief operating officer now owns 156,368 shares of the company’s stock, valued at approximately $22,842,237.44. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

About EOG Resources

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

Further Reading

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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