Community Bank N.A. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Community Bank N.A. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,804 shares of the energy exploration company’s stock after acquiring an additional 225 shares during the quarter. Community Bank N.A.’s holdings in EOG Resources were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EOG. McIlrath & Eck LLC boosted its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Peoples Bank KS bought a new stake in EOG Resources in the 3rd quarter valued at $31,000. Hall Laurie J Trustee bought a new stake in EOG Resources in the 4th quarter valued at $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG traded up $0.12 during trading hours on Thursday, reaching $135.72. 1,267,610 shares of the company were exchanged, compared to its average volume of 3,348,198. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $124.83 and its 200-day moving average is $122.36. The firm has a market cap of $78.07 billion, a PE ratio of 10.42 and a beta of 1.40. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the company earned $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 12.29 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James reduced their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. TD Securities dropped their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Barclays began coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, KeyCorp lifted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Profile

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.