Evercore Wealth Management LLC Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Evercore Wealth Management LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 622,024 shares of the energy exploration company's stock after acquiring an additional 4,570 shares during the period. Evercore Wealth Management LLC owned approximately 0.11% of EOG Resources worth $76,248,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Essex Financial Services Inc. increased its position in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after buying an additional 79 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after buying an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after acquiring an additional 80 shares during the period. 1ST Source Bank increased its stake in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after acquiring an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. grew its holdings in shares of EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $0.91 during trading on Monday, reaching $113.98. 786,626 shares of the stock were exchanged, compared to its average volume of 3,228,892. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $120.51 and a 200-day moving average price of $125.69. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market cap of $62.86 billion, a PE ratio of 9.16, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. Piper Sandler reduced their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Bank of America reiterated a "neutral" rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Finally, Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $141.25.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.