EOG Resources, Inc. (NYSE:EOG) Stock Holdings Increased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,778 shares of the energy exploration company’s stock after purchasing an additional 2,590 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in EOG Resources were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Amundi lifted its position in shares of EOG Resources by 1.3% in the fourth quarter. Amundi now owns 1,986,074 shares of the energy exploration company’s stock worth $255,131,000 after purchasing an additional 26,370 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of EOG Resources by 8.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,887 shares of the energy exploration company’s stock worth $476,000 after purchasing an additional 314 shares in the last quarter. Naviter Wealth LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $410,000. Marble Harbor Investment Counsel LLC lifted its position in shares of EOG Resources by 3.2% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock worth $12,630,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in EOG Resources by 6.3% in the fourth quarter. Larson Financial Group LLC now owns 4,478 shares of the energy exploration company’s stock worth $549,000 after buying an additional 265 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EOG shares. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Citigroup increased their price objective on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Barclays dropped their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Twelve 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, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $145.80.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade 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 this hyperlink. 0.30% of the stock is owned by company insiders.

EOG Resources Trading Up 2.6 %

Shares of EOG Resources stock opened at $125.41 on Friday. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The company’s fifty day simple moving average is $129.50 and its 200-day simple moving average is $127.71. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.11%. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

About EOG Resources

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.