Fulton Bank NA reduced its position in EOG Resources, Inc. (NYSE: EOG – Get Rating) by 29.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,122 shares of the energy exploration company stock after selling 1,331 shares during the quarter. Fulton Bank NA’s holdings in EOG Resources were worth $ 372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth approximately $ 27,000. Rational Advisors LLC boosted its position in shares of EOG Resources by 102.0% in the fourth quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company stock worth $ 27,000 after purchasing an additional 153 shares during the period. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the fourth quarter worth approximately $ 31,000. Equitec Proprietary Markets LLC bought a new position in shares of EOG Resources in the fourth quarter worth approximately $ 31,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth approximately $ 32,000. Institutional investors and hedge funds own 85.87% of the company stock.
A number of equities analysts have weighed in on EOG shares. TD Securities lowered shares of EOG Resources from a “buy” rating to a “hold” rating and upped their price target for the stock from $ 130.00 to $ 140.00 in a research report on Thursday, March 24th. Johnson Rice upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from $ 155.00 to $ 165.00 in a research report on Tuesday, May 24th. Piper Sandler dropped their target price on shares of EOG Resources to $ 164.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Susquehanna Bancshares upped their target price on shares of EOG Resources from $ 135.00 to $ 147.00 in a research report on Monday, April 25th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $ 138.18.
EOG stock opened at $ 111.67 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.26. EOG Resources, Inc. has a 12 month low of $ 62.81 and a 12 month high of $ 147.99. The firm’s 50-day moving average is $ 126.39 and its 200 day moving average is $ 113.81. The company has a market capitalization of $ 65.41 billion, a PE ratio of 14.91, a P / E / G ratio of 0.22 and a beta of 1.66.
EOG Resources (NYSE: EOG – Get Rating) last issued its earnings results on Thursday, May 5th. The energy exploration company reported $ 4.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 3.69 by $ 0.31. EOG Resources had a net margin of 23.12% and a return on equity of 29.77%. The company had revenue of $ 3.98 billion for the quarter, compared to analysts’ expectations of $ 5.62 billion. During the same period in the prior year, the business earned $ 1.62 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts forecast that EOG Resources, Inc. will post 17.04 EPS for the current fiscal year.
The company also recently announced a None dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a $ 1.80 dividend. The ex-dividend date is Tuesday, June 14th. EOG Resources’s dividend payout ratio is currently 40.05%.
In related news, CAO Ann D. Janssen sold 1,905 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $ 140.60, for a total value of $ 267,843.00. Following the completion of the transaction, the chief accounting officer now directly owns 66,980 shares of the company stock, valued at approximately $ 9,417,388. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 3,484 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $ 135.51, for a total transaction of $ 472,116.84. Following the completion of the transaction, the chief financial officer now directly owns 214,691 shares of the company stock, valued at $ 29,092,777.41. The disclosure for this sale can be found here. Insiders sold a total of 6,395 shares of company stock worth $ 883,134 over the last 90 days. Company insiders own 0.40% of the company stock.
EOG Resources Company Profile: (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.
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