Hills Bank & Trust Co Sells 350 Shares of EOG Resources, Inc. (NYSE:EOG)

Hills Bank & Trust Co lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,147 shares of the energy exploration company’s stock after selling 350 shares during the quarter. Hills Bank & Trust Co’s holdings in EOG Resources were worth $2,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Raymond James Trust N.A. raised its stake in shares of EOG Resources by 0.5% during the second quarter. Raymond James Trust N.A. now owns 18,694 shares of the energy exploration company’s stock valued at $2,353,000 after acquiring an additional 89 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in EOG Resources by 144.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 367 shares of the energy exploration company’s stock valued at $46,000 after purchasing an additional 217 shares during the period. AMG National Trust Bank raised its holdings in EOG Resources by 3.0% in the 2nd quarter. AMG National Trust Bank now owns 14,852 shares of the energy exploration company’s stock worth $1,869,000 after purchasing an additional 436 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of EOG Resources by 3.9% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,226 shares of the energy exploration company’s stock worth $784,000 after acquiring an additional 235 shares during the period. Finally, Spirit of America Management Corp NY raised its position in shares of EOG Resources by 6.9% in the 2nd quarter. Spirit of America Management Corp NY now owns 29,600 shares of the energy exploration company’s stock worth $3,726,000 after acquiring an additional 1,900 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. UBS Group upped their target price on shares of EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Bank of America reaffirmed a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Piper Sandler dropped their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Finally, Scotiabank lowered their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Thirteen equities research 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 company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $144.15.

EOG Resources Stock Performance

Shares of EOG traded up $1.68 during trading hours on Friday, hitting $126.90. The stock had a trading volume of 1,995,815 shares, compared to its average volume of 3,158,795. The firm has a market capitalization of $72.93 billion, a PE ratio of 10.02, a PEG ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a fifty day moving average price of $125.96 and a 200 day moving average price of $125.21.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the company posted $2.49 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s payout ratio is presently 28.75%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.