Bokf Na Grows Stake in EOG Resources, Inc. (NYSE:EOG)

BOKF NA increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,038 shares of the energy exploration company's stock after purchasing an additional 4,083 shares during the quarter. BOKF NA's holdings in EOG Resources were worth $3,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its position in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

EOG traded up $1.42 on Friday, reaching $111.13. The company had a trading volume of 4,079,932 shares, compared to its average volume of 3,273,548. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a market cap of $60.65 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business has a 50 day simple moving average of $116.68 and a 200 day simple moving average of $124.53.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.51%. EOG Resources's dividend payout ratio is 36.18%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research reports. Barclays reduced their target price on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Raymond James reissued a "strong-buy" rating and issued a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Morgan Stanley cut their price target on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Truist Financial boosted their price objective on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.95.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Company 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.