OLD Second National Bank of Aurora Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

OLD Second National Bank of Aurora decreased its position in EOG Resources, Inc. (NYSE:EOG) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,610 shares of the energy exploration company’s stock after selling 791 shares during the quarter. EOG Resources accounts for approximately 1.0% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 29th largest position. OLD Second National Bank of Aurora’s holdings in EOG Resources were worth $3,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EOG. Livforsakringsbolaget Skandia Omsesidigt raised its position in EOG Resources by 44.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,057 shares of the energy exploration company’s stock valued at $128,000 after purchasing an additional 327 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of EOG Resources by 1.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 60,626 shares of the energy exploration company’s stock valued at $7,333,000 after buying an additional 885 shares during the period. Guidance Capital Inc. raised its holdings in shares of EOG Resources by 12.5% during the fourth quarter. Guidance Capital Inc. now owns 6,471 shares of the energy exploration company’s stock valued at $787,000 after acquiring an additional 718 shares in the last quarter. Tyche Wealth Partners LLC purchased a new stake in EOG Resources in the fourth quarter worth $438,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EOG Resources by 79.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,898 shares of the energy exploration company’s stock valued at $23,089,000 after acquiring an additional 84,301 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EOG. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Raymond James lowered their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Susquehanna cut their price objective on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. TD Securities decreased their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Finally, Mizuho raised their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $140.90.

EOG Resources Stock Performance

NYSE EOG traded up $0.04 during trading hours on Thursday, hitting $132.44. The company’s stock had a trading volume of 432,118 shares, compared to its average volume of 3,412,269. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company has a market cap of $76.18 billion, a P/E ratio of 10.18 and a beta of 1.40. The company’s 50 day simple moving average is $122.63 and its two-hundred day simple moving average is $121.92. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

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.