Heritage Trust Co Buys New Shares in EOG Resources, Inc. (NYSE:EOG)

Heritage Trust Co acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,380 shares of the energy exploration company's stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC raised its holdings in EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Franklin Resources Inc. grew its position in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth about $171,193,000. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in EOG Resources by 486.6% in the 4th quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company's stock valued at $89,018,000 after buying an additional 602,400 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Piper Sandler lowered their price objective on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Barclays cut their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Citigroup lowered their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Twelve equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.19.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.

EOG Resources Stock Up 1.5 %

Shares of EOG Resources stock traded up $1.62 on Wednesday, hitting $108.13. The company had a trading volume of 4,270,715 shares, compared to its average volume of 3,722,217. The stock has a 50-day moving average of $123.50 and a 200-day moving average of $126.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market capitalization of $59.64 billion, a P/E ratio of 8.71, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced 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. This represents a $3.90 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 34.73%.

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.