540 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, Holdings Channel.com reports. The fund bought 540 shares of the energy exploration company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. lifted its position in shares of EOG Resources by 19.2% during the fourth quarter. Prudential Financial Inc. now owns 451,155 shares of the energy exploration company’s stock valued at $55,303,000 after buying an additional 72,613 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in EOG Resources during the fourth quarter valued at approximately $62,869,000. Crowley Wealth Management Inc. acquired a new stake in EOG Resources in the fourth quarter valued at approximately $61,000. Community Bank N.A. lifted its holdings in shares of EOG Resources by 9.6% during the 4th quarter. Community Bank N.A. now owns 12,452 shares of the energy exploration company’s stock valued at $1,526,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of EOG Resources in the 4th quarter worth $895,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Morgan Stanley reduced their target price on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $144.95.

EOG Resources Stock Down 0.8 %

NYSE:EOG opened at $127.26 on Wednesday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The stock’s fifty day moving average is $128.82 and its two-hundred day moving average is $127.60. The stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value 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 $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by insiders.

EOG Resources Company 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.