STAR Financial Bank Sells 80 Shares of EOG Resources, Inc. (NYSE:EOG)

STAR Financial Bank cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,138 shares of the energy exploration company’s stock after selling 80 shares during the period. STAR Financial Bank’s holdings in EOG Resources were worth $401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the last quarter. Sachetta LLC bought a new stake in EOG Resources during the fourth quarter worth $33,000. Hall Laurie J Trustee bought a new stake in EOG Resources during the fourth quarter worth $36,000. Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter worth $36,000. Finally, Norwood Financial Corp bought a new stake in EOG Resources during the first quarter worth $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 0.4 %

NYSE EOG traded up $0.55 during trading hours on Wednesday, hitting $126.22. The company’s stock had a trading volume of 1,815,365 shares, compared to its average volume of 3,243,072. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a market capitalization of $72.54 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $124.98 and its two-hundred day simple moving average is $122.71.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.88%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of 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 is available at this link. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho upped their price target on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Susquehanna upped their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. KeyCorp assumed coverage on shares of EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Finally, Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.29.

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.