EOG Resources, Inc. (NYSE:EOG) Shares Sold by NBT Bank N A NY

NBT Bank N A NY lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 36.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,277 shares of the energy exploration company’s stock after selling 1,322 shares during the period. NBT Bank N A NY’s holdings in EOG Resources were worth $287,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. IFG Advisory LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth $320,000. Concurrent Investment Advisors LLC boosted its position in shares of EOG Resources by 4.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,118 shares of the energy exploration company’s stock valued at $896,000 after purchasing an additional 280 shares during the period. Rothschild Investment LLC purchased a new position in EOG Resources in the 2nd quarter worth about $1,285,000. United Capital Management of KS Inc. raised its holdings in EOG Resources by 2.8% during the 2nd quarter. United Capital Management of KS Inc. now owns 62,105 shares of the energy exploration company’s stock worth $7,817,000 after buying an additional 1,690 shares during the period. Finally, Intact Investment Management Inc. raised its holdings in EOG Resources by 15.7% during the 2nd quarter. Intact Investment Management Inc. now owns 37,600 shares of the energy exploration company’s stock worth $4,733,000 after buying an additional 5,100 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Susquehanna lifted their price objective on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research report on Monday, August 5th. Mizuho increased their target price on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Piper Sandler dropped their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.00.

EOG Resources Stock Performance

EOG stock opened at $128.82 on Friday. The firm has a 50 day moving average of $126.84 and a two-hundred day moving average of $125.72. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a market capitalization of $73.25 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 3.22 and a beta of 1.30. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

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.