EOG Resources, Inc. (NYSE:EOG) Shares Sold by Iowa State Bank

Iowa State Bank decreased its position in EOG Resources, Inc. (NYSE:EOGFree Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,144 shares of the energy exploration company’s stock after selling 337 shares during the period. Iowa State Bank’s holdings in EOG Resources were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EOG. Cetera Investment Advisers grew its stake in shares of EOG Resources by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after buying an additional 2,213 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $404,000. Sequoia Financial Advisors LLC purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $278,000. Zions Bancorporation N.A. grew its stake in shares of EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after buying an additional 813 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in shares of EOG Resources by 23.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.9 %

NYSE:EOG traded up $2.48 during midday trading on Tuesday, hitting $132.24. 3,598,590 shares of the company were exchanged, compared to its average volume of 3,492,250. 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 company has a market capitalization of $76.70 billion, a PE ratio of 10.08 and a beta of 1.40. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $136.79. The company has a fifty day simple moving average of $117.41 and a 200 day simple moving average of $121.27.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS 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 analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.43 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid 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 2.75%. EOG Resources’s dividend payout ratio is presently 27.98%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James lowered their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. UBS Group lowered their price objective on shares of EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Truist Financial lowered their price objective on shares of EOG Resources from $172.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research report on Monday, March 4th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

View Our Latest Research Report on EOG Resources

About EOG Resources

(Free Report)

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.

See Also

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

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