CoreFirst Bank & Trust Buys Shares of 540 EOG Resources, Inc. (NYSE:EOG)

CoreFirst Bank & Trust purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 540 shares of the energy exploration company’s stock, valued at approximately $66,000.

A number of other hedge funds have also recently modified their holdings of the business. Financial Life Planners purchased a new position in EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd lifted its position in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $127.26 on Wednesday. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $128.82 and a 200-day moving average price of $127.60. The firm has a market capitalization of $70.49 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EOG shares. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Piper Sandler cut their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $144.95.

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.