Wesbanco Bank Inc. Buys 2,239 Shares of EOG Resources, Inc. (NYSE:EOG)

Wesbanco Bank Inc. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,153 shares of the energy exploration company’s stock after acquiring an additional 2,239 shares during the period. Wesbanco Bank Inc.’s holdings in EOG Resources were worth $8,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co bought a new position in EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter worth $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources in the 2nd quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake in EOG Resources in the 2nd quarter valued at about $35,000. Finally, Norwood Financial Corp purchased a new stake in EOG Resources during the first quarter valued at about $37,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Piper Sandler lowered their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Barclays decreased their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Fourteen 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.55.

EOG Resources Price Performance

EOG stock opened at $131.47 on Tuesday. The firm has a 50 day simple moving average of $126.05 and a two-hundred day simple moving average of $127.17. The stock has a market cap of $75.56 billion, a PE ratio of 10.38, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the business earned $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.77%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

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.