Hancock Whitney Corp Takes Position in EOG Resources, Inc. (NYSE:EOG)

Hancock Whitney Corp bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,625 shares of the energy exploration company’s stock, valued at approximately $208,000.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its stake in shares of EOG Resources by 13.3% in the 1st quarter. Tidal Investments LLC now owns 51,003 shares of the energy exploration company’s stock valued at $6,518,000 after acquiring an additional 5,972 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of EOG Resources by 32.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,763 shares of the energy exploration company’s stock worth $1,871,000 after buying an additional 3,613 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of EOG Resources by 1.9% during the 1st quarter. Ancora Advisors LLC now owns 358,236 shares of the energy exploration company’s stock worth $45,797,000 after buying an additional 6,723 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources in the 1st quarter valued at $312,000. Finally, Janus Henderson Group PLC raised its holdings in EOG Resources by 8.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,045,105 shares of the energy exploration company’s stock worth $133,606,000 after acquiring an additional 78,619 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG traded down $1.74 during mid-day trading on Friday, hitting $121.37. 2,973,787 shares of the stock were exchanged, compared to its average volume of 3,173,578. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock’s fifty day simple moving average is $124.58 and its two-hundred day simple moving average is $123.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The company has a market cap of $69.75 billion, a P/E ratio of 9.72, a PEG ratio of 2.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.49 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EOG shares. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Wolfe Research assumed coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Truist Financial cut their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Piper Sandler raised their price objective 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. Finally, Scotiabank cut their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.20.

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.