EOG Resources, Inc. $EOG Shares Acquired by Rockland Trust Co.

Rockland Trust Co. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 271,092 shares of the energy exploration company’s stock after buying an additional 4,895 shares during the period. EOG Resources accounts for 1.4% of Rockland Trust Co.’s investment portfolio, making the stock its 20th largest position. Rockland Trust Co.’s holdings in EOG Resources were worth $35,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the fourth quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources in the first quarter worth approximately $30,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.2%

NYSE:EOG opened at $134.61 on Friday. The stock has a market cap of $70.60 billion, a PE ratio of 10.48 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.53. The stock’s 50-day moving average is $137.23 and its two-hundred day moving average is $132.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.3 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, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial increased their price target on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, UBS Group decreased their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.32.

EOG Resources Company 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.