EOG Resources, Inc. $EOG Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 28.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,000 shares of the energy exploration company’s stock after buying an additional 4,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in EOG Resources were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in EOG. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $258,000. Quantbot Technologies LP acquired a new stake in shares of EOG Resources during the second quarter worth approximately $349,000. Gamco Investors INC. ET AL boosted its holdings in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the period. NewEdge Advisors LLC boosted its holdings in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. boosted its holdings in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the period. 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 EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,230 shares of company stock worth $2,272,568. Company insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

EOG stock opened at $134.52 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The stock has a market capitalization of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock’s fifty day moving average is $138.09 and its two-hundred day moving average is $121.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $2.87 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Morgan Stanley lifted their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Truist Financial lifted their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Jefferies Financial Group lifted their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.39.

About EOG Resources

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.