EOG Resources, Inc. $EOG Shares Newly Bought by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 68,039 shares of the energy exploration company’s stock, valued at approximately $9,373,000. EOG Resources makes up 0.8% of First Nebraska Trust Co’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Evergreen Private Wealth LLC grew its holdings in EOG Resources by 0.3% during the 3rd quarter. Evergreen Private Wealth LLC now owns 30,103 shares of the energy exploration company’s stock valued at $4,147,000 after buying an additional 81 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of EOG Resources by 54.1% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 142,467 shares of the energy exploration company’s stock valued at $19,626,000 after buying an additional 50,040 shares during the last quarter. Greenfield Seitz Capital Management LLC raised its position in shares of EOG Resources by 1.5% during the third quarter. Greenfield Seitz Capital Management LLC now owns 50,338 shares of the energy exploration company’s stock valued at $6,935,000 after buying an additional 753 shares during the last quarter. One Way Holdings LLC bought a new stake in shares of EOG Resources during the third quarter valued at approximately $9,059,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of EOG Resources by 2.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 824,699 shares of the energy exploration company’s stock worth $113,897,000 after buying an additional 17,188 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the sale, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $154.95 on Wednesday. The stock has a market capitalization of $81.28 billion, a PE ratio of 12.06, a P/E/G ratio of 0.56 and a beta of 0.27. The business has a 50 day simple moving average of $149.25 and a two-hundred day simple moving average of $137.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $165.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 EPS. On average, research analysts predict that EOG Resources, Inc. will post 17.70 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EOG. Zacks Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 16th. Truist Financial raised their target price on shares of EOG Resources from $153.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Scotiabank initiated coverage on shares of EOG Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $185.00 price target on shares of EOG Resources in a report on Saturday, October 3rd. Finally, Citigroup reiterated a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.24.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.