EOG Resources, Inc. (NYSE:EOG) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 20.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160 shares of the energy exploration company’s stock after selling 300 shares during the period. Tompkins Financial Corp’s holdings in EOG Resources were worth $148,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EOG. Covestor Ltd grew its holdings in EOG Resources by 7.2% during the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares in the last quarter. Bison Wealth LLC grew its holdings in EOG Resources by 1.6% during the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock worth $682,000 after acquiring an additional 86 shares in the last quarter. Fragasso Group Inc. grew its holdings in EOG Resources by 2.2% during the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after acquiring an additional 86 shares in the last quarter. Moody National Bank Trust Division grew its holdings in EOG Resources by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after acquiring an additional 87 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in EOG Resources by 26.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.4 %

EOG stock opened at $119.50 on Thursday. EOG Resources, Inc. has a 52 week low of $106.34 and a 52 week high of $139.67. The company has a market capitalization of $68.68 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The firm’s 50-day moving average is $127.58 and its two-hundred day moving average is $122.20. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS. On average, analysts forecast that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Ratings Changes

Several research analysts have weighed in on EOG shares. TD Cowen raised their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Piper Sandler lifted their price target on shares of EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Scotiabank lowered shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, KeyCorp lifted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.19.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock valued at $2,144,972 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.