Field & Main Bank Purchases New Shares in EOG Resources, Inc. $EOG

Field & Main Bank acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,363 shares of the energy exploration company’s stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $5,905,587,000. State Street Corp increased its stake in EOG Resources by 0.3% during the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after acquiring an additional 371,548 shares during the last quarter. Geode Capital Management LLC raised its position in EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after purchasing an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of EOG Resources by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after purchasing an additional 122,112 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG stock opened at $143.53 on Friday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The firm has a market cap of $75.29 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.54 and a beta of 0.25. The business’s fifty day simple moving average is $140.20 and its two-hundred day simple moving average is $136.19. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 earnings per share. Analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EOG shares. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $183.00 price objective on shares of EOG Resources in a research note on Monday, August 3rd. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Roth Capital restated a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Finally, Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target for the company. in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $156.33.

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.