EOG Resources, Inc. $EOG Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,643 shares of the energy exploration company’s stock after selling 4,922 shares during the period. Wesbanco Bank Inc.’s holdings in EOG Resources were worth $18,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Legal & General Group Plc boosted its stake in shares of EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the last quarter. L2 Asset Management LLC raised its position in shares of EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after purchasing an additional 7,940 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EOG shares. Scotiabank lifted their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Wolfe Research raised their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Barclays lifted their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Susquehanna increased their target price on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

EOG Resources Stock Performance

EOG stock opened at $132.64 on Friday. The firm has a 50 day simple moving average of $135.81 and a 200 day simple moving average of $125.55. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The stock has a market cap of $70.65 billion, a P/E ratio of 13.06 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business posted $2.87 earnings per share. EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 16.64 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is presently 40.16%.

EOG Resources Profile

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.