Northwest Bank & Trust Co Makes New $643,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Northwest Bank & Trust Co acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,315 shares of the energy exploration company’s stock, valued at approximately $643,000.

Other large investors also recently modified their holdings of the company. Shorepath Capital Management LLC bought a new position in EOG Resources in the 4th quarter valued at about $6,389,000. EP Wealth Advisors LLC increased its stake in shares of EOG Resources by 11.4% during the fourth quarter. EP Wealth Advisors LLC now owns 6,539 shares of the energy exploration company’s stock worth $791,000 after purchasing an additional 669 shares during the period. Syon Capital LLC lifted its holdings in EOG Resources by 10.4% during the 4th quarter. Syon Capital LLC now owns 4,303 shares of the energy exploration company’s stock worth $520,000 after purchasing an additional 405 shares during the last quarter. Centaurus Financial Inc. bought a new stake in EOG Resources in the 4th quarter valued at $570,000. Finally, Integrated Advisors Network LLC boosted its stake in EOG Resources by 4.0% in the 4th quarter. Integrated Advisors Network LLC now owns 55,461 shares of the energy exploration company’s stock valued at $6,708,000 after purchasing an additional 2,114 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EOG. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and dropped their target price for the stock from $163.00 to $136.00 in a report on Thursday, May 16th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Bank of America restated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Finally, Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $143.19.

EOG Resources Price Performance

EOG stock traded down $0.86 during trading on Friday, reaching $118.24. 2,850,281 shares of the company were exchanged, compared to its average volume of 2,940,262. The company has a market capitalization of $67.95 billion, a price-to-earnings ratio of 9.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a 50-day moving average of $128.63 and a two-hundred day moving average of $122.28. EOG Resources, Inc. has a twelve month low of $106.34 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal 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 $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 3.08%. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Activity

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources 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.