4,508 Shares in EOG Resources, Inc. $EOG Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,508 shares of the energy exploration company’s stock, valued at approximately $652,000.

A number of other hedge funds have also added to or reduced their stakes in EOG. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares in the last quarter. Financial Life Planners bought a new stake in EOG Resources during the 1st quarter valued at $30,000. Acumen Wealth Advisors LLC bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter worth $26,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources in the 1st quarter worth $37,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets raised their price target on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Scotiabank upped their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. DA Davidson raised their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Price Performance

Shares of EOG opened at $139.80 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company’s fifty day moving average price is $135.91 and its 200-day moving average price is $128.55. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a market capitalization of $74.46 billion, a PE ratio of 13.76 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business posted $2.87 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is currently 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.