Parkside Financial Bank & Trust Purchases 931 Shares of EOG Resources, Inc. (NYSE:EOG)

Parkside Financial Bank & Trust grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,948 shares of the energy exploration company’s stock after buying an additional 931 shares during the quarter. Parkside Financial Bank & Trust’s holdings in EOG Resources were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Fisher Asset Management LLC raised its holdings in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. raised its holdings in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares during the period. Proficio Capital Partners LLC bought a new position in EOG Resources in the 4th quarter worth $60,284,000. Finally, Empower Advisory Group LLC raised its holdings in EOG Resources by 21,218.1% in the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after purchasing an additional 350,948 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 2.8 %

Shares of EOG Resources stock opened at $126.99 on Friday. The firm has a market cap of $71.43 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 3.58 and a beta of 1.27. The business has a 50-day moving average price of $129.30 and a 200-day moving average price of $127.88. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $113.83 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.07%. EOG Resources’s dividend payout ratio is currently 31.40%.

EOG Resources declared that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on EOG shares. Piper Sandler raised their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Truist Financial raised their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Mizuho decreased their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $145.30.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.