EOG Resources, Inc. $EOG Holdings Raised by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,000 shares of the energy exploration company’s stock after acquiring an additional 4,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in EOG Resources were worth $1,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olistico Wealth LLC purchased a new position in EOG Resources in the 4th quarter worth about $33,000. Physician Wealth Advisors Inc. increased its stake in EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in EOG Resources in the 4th quarter worth about $38,000. City Holding Co. increased its stake in EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. Finally, AXS Investments LLC purchased a new position in EOG Resources in the 3rd quarter worth about $41,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 16,230 shares of company stock valued at $2,272,568. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.2%

Shares of NYSE EOG opened at $134.52 on Friday. The stock has a market cap of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27. The business has a 50 day simple moving average of $138.09 and a 200 day simple moving average of $121.67. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.87 EPS. On average, research analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Capital One Financial lifted their target price on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. Citigroup reaffirmed a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein lowered their target price on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.39.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.