Cullen Frost Bankers Inc. Has $525,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Cullen Frost Bankers Inc. lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,285 shares of the energy exploration company’s stock after selling 99 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in EOG Resources were worth $525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 2.6 %

EOG stock opened at $125.41 on Friday. The company has a market cap of $69.47 billion, a P/E ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $129.50 and a 200-day moving average of $127.72.

EOG Resources (NYSE:EOG) last released 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. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley cut their target price on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Mizuho cut their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. UBS Group cut their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Twelve investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.80.

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.