Texas Bank & Trust Co Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Texas Bank & Trust Co acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,058 shares of the energy exploration company's stock, valued at approximately $375,000.

Several other hedge funds have also bought and sold shares of EOG. Ritholtz Wealth Management increased its stake in EOG Resources by 40.0% in the 4th quarter. Ritholtz Wealth Management now owns 5,910 shares of the energy exploration company's stock worth $724,000 after buying an additional 1,690 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of EOG Resources by 19.9% in the fourth quarter. Empirical Asset Management LLC now owns 9,038 shares of the energy exploration company's stock valued at $1,108,000 after acquiring an additional 1,503 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of EOG Resources by 29.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 32,653 shares of the energy exploration company's stock worth $4,003,000 after purchasing an additional 7,491 shares during the period. Merit Financial Group LLC boosted its position in shares of EOG Resources by 32.3% during the fourth quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company's stock valued at $700,000 after buying an additional 1,395 shares during the period. Finally, Sax Wealth Advisors LLC bought a new position in EOG Resources in the 4th quarter valued at $286,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.60 during mid-day trading on Thursday, reaching $110.78. 3,050,857 shares of the stock traded hands, compared to its average volume of 3,299,620. The business has a 50-day moving average of $115.21 and a 200 day moving average of $124.10. 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 capitalization of $60.46 billion, a PE ratio of 8.92, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

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

EOG Resources Dividend Announcement

The firm 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 $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EOG shares. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Piper Sandler cut their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.05.

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.