EOG Resources, Inc. (NYSE:EOG) Stake Raised by Field & Main Bank

Field & Main Bank lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the energy exploration company’s stock after purchasing an additional 135 shares during the period. Field & Main Bank’s holdings in EOG Resources were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after buying an additional 145,691 shares during the period. Ameriprise Financial Inc. boosted its position in EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the period. Morgan Stanley grew its stake in EOG Resources by 1.5% during the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after acquiring an additional 116,860 shares in the last quarter. Northern Trust Corp increased its holdings in shares of EOG Resources by 3.1% in the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after purchasing an additional 185,882 shares during the period. Finally, Invesco Ltd. lifted its position in shares of EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after purchasing an additional 460,872 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG stock traded up $0.55 during midday trading on Monday, hitting $136.25. The stock had a trading volume of 2,786,387 shares, compared to its average volume of 3,350,848. The firm has a market capitalization of $78.37 billion, a price-to-earnings ratio of 10.47 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $126.15 and a 200 day simple moving average of $122.49. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 EPS. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 12.3 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Piper Sandler increased their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Truist Financial cut their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. TD Securities reduced their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Finally, Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

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.