Greenleaf Trust Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Greenleaf Trust raised its holdings in EOG Resources, Inc. (NYSE:EOGGet Rating) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,407 shares of the energy exploration company’s stock after buying an additional 590 shares during the quarter. Greenleaf Trust’s holdings in EOG Resources were worth $818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in EOG Resources by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 52,391,572 shares of the energy exploration company’s stock valued at $6,246,646,000 after buying an additional 1,046,224 shares during the period. BlackRock Inc. grew its holdings in EOG Resources by 1.1% in the 1st quarter. BlackRock Inc. now owns 46,646,390 shares of the energy exploration company’s stock valued at $5,561,649,000 after buying an additional 528,077 shares during the period. State Street Corp grew its holdings in EOG Resources by 1.4% in the 1st quarter. State Street Corp now owns 36,748,452 shares of the energy exploration company’s stock valued at $4,381,518,000 after buying an additional 502,626 shares during the period. JPMorgan Chase & Co. grew its holdings in EOG Resources by 2.4% in the 1st quarter. JPMorgan Chase & Co. now owns 21,417,102 shares of the energy exploration company’s stock valued at $2,553,563,000 after buying an additional 491,880 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 196.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after buying an additional 6,529,464 shares during the period. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EOG shares. Royal Bank of Canada lifted their price target on EOG Resources from $155.00 to $158.00 and gave the company a “sector perform” rating in a report on Friday, November 11th. TD Securities boosted their target price on EOG Resources from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Credit Suisse Group boosted their target price on EOG Resources from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, November 4th. Jefferies Financial Group started coverage on EOG Resources in a report on Wednesday, October 19th. They set a “buy” rating and a $158.00 target price for the company. Finally, StockNews.com started coverage on EOG Resources in a report on Wednesday, October 12th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.68.

EOG Resources Stock Performance

Shares of EOG opened at $142.65 on Thursday. The business’s 50 day moving average is $129.54 and its two-hundred day moving average is $122.01. EOG Resources, Inc. has a 52-week low of $80.67 and a 52-week high of $150.88. The firm has a market cap of $83.79 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.36 and a beta of 1.54. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.16.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from EOG Resources’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 13th. EOG Resources’s payout ratio is 23.57%.

Insider Activity

In other news, EVP Kenneth W. Boedeker sold 1,995 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $145.09, for a total value of $289,454.55. Following the completion of the sale, the executive vice president now directly owns 20,978 shares in the company, valued at approximately $3,043,698.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Lloyd W. Helms, Jr. sold 2,720 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $146.08, for a total transaction of $397,337.60. Following the completion of the transaction, the chief operating officer now directly owns 156,368 shares in the company, valued at approximately $22,842,237.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kenneth W. Boedeker sold 1,995 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $145.09, for a total value of $289,454.55. Following the transaction, the executive vice president now owns 20,978 shares of the company’s stock, valued at $3,043,698.02. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

About EOG Resources

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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