Summit Trail Advisors LLC Has $877,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Summit Trail Advisors LLC grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 61.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,837 shares of the energy exploration company's stock after acquiring an additional 2,605 shares during the period. Summit Trail Advisors LLC's holdings in EOG Resources were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. 1ST Source Bank grew its holdings 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 purchasing an additional 80 shares during the period. Penobscot Investment Management Company Inc. raised its stake 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 valued at $498,000 after acquiring an additional 80 shares during the period. TD Private Client Wealth LLC raised its stake in EOG Resources by 1.4% in the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock valued at $709,000 after acquiring an additional 81 shares during the period. NBT Bank N A NY lifted its holdings in EOG Resources by 3.9% during the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock valued at $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock worth $211,000 after purchasing an additional 92 shares during the period. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Barclays upped their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Finally, Piper Sandler decreased their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and an average price target of $139.48.

EOG Resources Price Performance

NYSE:EOG traded up $1.75 during mid-day trading on Wednesday, reaching $122.94. The stock had a trading volume of 3,460,468 shares, compared to its average volume of 3,401,460. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market capitalization of $67.10 billion, a PE ratio of 11.40, a P/E/G ratio of 9.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The stock has a 50-day simple moving average of $115.10 and a two-hundred day simple moving average of $121.23.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

About EOG Resources

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.