Morton Community Bank Acquires 495 Shares of EOG Resources, Inc. (NYSE:EOG)

Morton Community Bank grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,865 shares of the energy exploration company’s stock after buying an additional 495 shares during the quarter. Morton Community Bank’s holdings in EOG Resources were worth $3,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Insight Inv LLC lifted its position in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares during the period. Essex Financial Services Inc. raised its stake in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after buying an additional 80 shares during the period. Finally, Advisor OS LLC increased its holdings in EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock worth $337,000 after buying an additional 82 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

EOG Resources Trading Up 2.6 %

Shares of EOG stock opened at $125.41 on Monday. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The firm has a market capitalization of $69.47 billion, a P/E ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. The stock’s fifty day moving average is $129.50 and its two-hundred day moving average is $127.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.96 billion. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EOG shares. Bank of America reissued a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler dropped their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup boosted their price target on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Mizuho dropped their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, UBS Group lowered their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.80.

EOG Resources Profile

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.