EOG Resources, Inc. (NYSE:EOG) Shares Bought by Norway Savings Bank

Norway Savings Bank raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,975 shares of the energy exploration company’s stock after acquiring an additional 475 shares during the period. Norway Savings Bank’s holdings in EOG Resources were worth $892,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Capital World Investors lifted its position in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. Ameriprise Financial Inc. raised its stake in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares during the last quarter. Morgan Stanley lifted its holdings in shares of EOG Resources by 1.5% in the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after buying an additional 116,860 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EOG Resources by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after acquiring an additional 176,854 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE:EOG opened at $125.87 on Friday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock has a market cap of $72.34 billion, a PE ratio of 9.94, a P/E/G ratio of 1.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a 50 day moving average price of $126.28 and a 200 day moving average price of $122.38.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $2.69 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.99 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated 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 owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The stock was 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 approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. Mizuho upped their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Truist Financial cut EOG Resources from a “buy” rating to a “hold” rating and reduced their price target for the stock from $163.00 to $136.00 in a report on Thursday, May 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.19.

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.