Rockland Trust Co. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Rockland Trust Co. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 216,347 shares of the energy exploration company’s stock after acquiring an additional 5,197 shares during the period. EOG Resources comprises approximately 1.3% of Rockland Trust Co.’s holdings, making the stock its 26th biggest holding. Rockland Trust Co.’s holdings in EOG Resources were worth $26,596,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. DRW Securities LLC increased its stake in EOG Resources by 871.7% in the fourth quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after purchasing an additional 18,741 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of EOG Resources by 228.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after acquiring an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of EOG Resources during the 1st quarter worth about $1,217,000. Processus Wealth & Capital Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $1,570,000. Finally, Romano Brothers AND Company purchased a new stake in EOG Resources in the first quarter valued at approximately $1,349,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG stock opened at $130.79 on Friday. The company has a market capitalization of $75.17 billion, a PE ratio of 10.33, a P/E/G ratio of 3.27 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $125.05 and its two-hundred day moving average is $126.85. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.78%. EOG Resources’s payout ratio is 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group cut their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. KeyCorp began coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective on the stock. Morgan Stanley decreased their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Truist Financial cut their price target on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $142.15.

EOG Resources Company 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.