First Business Financial Services Inc. Increases Position in EOG Resources, Inc. (NYSE:EOG)

First Business Financial Services Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,745 shares of the energy exploration company’s stock after purchasing an additional 219 shares during the period. First Business Financial Services Inc.’s holdings in EOG Resources were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter valued at about $30,000. Sachetta LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1 %

NYSE:EOG traded down $0.16 on Thursday, hitting $122.62. 868,975 shares of the stock were exchanged, compared to its average volume of 3,125,361. The stock has a fifty day moving average of $126.84 and a 200-day moving average of $125.98. The stock has a market cap of $70.47 billion, a PE ratio of 9.70, a PEG ratio of 3.22 and a beta of 1.30. 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 fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the firm posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.97%. EOG Resources’s payout ratio is currently 28.75%.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last quarter. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EOG. Piper Sandler dropped their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Sanford C. Bernstein dropped their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. UBS Group boosted their price objective on shares of EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Bank of America reiterated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Finally, Scotiabank cut their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $143.95.

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.