Wesbanco Bank Inc. Buys 7,307 Shares of EOG Resources, Inc. (NYSE:EOG)

Wesbanco Bank Inc. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,247 shares of the energy exploration company's stock after buying an additional 7,307 shares during the quarter. Wesbanco Bank Inc.'s holdings in EOG Resources were worth $8,469,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EOG. Capital World Investors increased its holdings in shares of EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company's stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EOG Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company's stock worth $1,639,903,000 after buying an additional 145,691 shares during the period. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company's stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the period. Morgan Stanley grew its holdings in shares of EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company's stock worth $987,432,000 after purchasing an additional 116,860 shares during the last quarter. Finally, Northern Trust Corp grew its stake in EOG Resources by 3.1% in the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company's stock worth $793,607,000 after acquiring an additional 185,882 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

EOG traded up $1.85 on Thursday, reaching $131.80. The stock had a trading volume of 4,179,375 shares, compared to its average volume of 3,363,686. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The company has a market cap of $75.81 billion, a P/E ratio of 10.13 and a beta of 1.38. The business's 50-day moving average price is $127.11 and its two-hundred day moving average price is $122.60.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.76%. EOG Resources's dividend payout ratio (DPR) is presently 27.98%.

Analyst Ratings Changes

A number of brokerages have weighed in on EOG. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $144.00 target price for the company. Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. Susquehanna increased their price target on EOG Resources from $147.00 to $155.00 and gave the company a "positive" rating in a research note on Monday, April 22nd. Finally, Bank of America cut shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $142.27.

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.

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