Commerce Bank Acquires 16,793 Shares of EOG Resources, Inc. (NYSE:EOG)

Commerce Bank raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 24.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 85,564 shares of the energy exploration company’s stock after acquiring an additional 16,793 shares during the period. Commerce Bank’s holdings in EOG Resources were worth $10,938,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital World Investors boosted its holdings in 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after acquiring an additional 1,029,727 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in EOG Resources by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after purchasing an additional 176,854 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of EOG Resources by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock valued at $395,017,000 after purchasing an additional 10,506 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of EOG Resources by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 3,233,333 shares of the energy exploration company’s stock worth $409,857,000 after purchasing an additional 239,910 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.2 %

NYSE:EOG traded down $0.21 during midday trading on Wednesday, reaching $125.46. 689,798 shares of the stock traded hands, compared to its average volume of 3,234,327. The business has a 50-day moving average of $125.06 and a two-hundred day moving average of $122.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock has a market capitalization of $72.10 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 12.05 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.90%. EOG Resources’s payout ratio is 28.75%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective on the stock. Citigroup boosted their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Mizuho raised their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.29.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.20% of the company’s stock.

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.