American National Bank & Trust Purchases 6,566 Shares of EOG Resources, Inc. (NYSE:EOG)

American National Bank & Trust raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 225.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,481 shares of the energy exploration company's stock after acquiring an additional 6,566 shares during the period. American National Bank & Trust's holdings in EOG Resources were worth $1,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. lifted its stake in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after purchasing an additional 79 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings 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 purchasing an additional 80 shares during the last quarter. 1ST Source Bank lifted its holdings in EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its holdings in EOG Resources by 2.0% in 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 last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Piper Sandler lowered their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Trading Up 0.7%

EOG Resources stock traded up $0.82 during trading hours on Thursday, hitting $111.59. The stock had a trading volume of 938,555 shares, compared to its average volume of 3,270,057. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $60.90 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business's 50 day simple moving average is $112.16 and its 200-day simple moving average is $122.74.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.66%. EOG Resources's dividend payout ratio is presently 36.18%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on 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 directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Company 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.