OLD Second National Bank of Aurora Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

OLD Second National Bank of Aurora reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,610 shares of the energy exploration company’s stock after selling 791 shares during the quarter. EOG Resources makes up 1.0% of OLD Second National Bank of Aurora’s portfolio, making the stock its 29th biggest holding. OLD Second National Bank of Aurora’s holdings in EOG Resources were worth $3,460,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tejara Capital Ltd acquired a new position in EOG Resources during the fourth quarter worth approximately $106,000. Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 196.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock worth $1,175,599,000 after buying an additional 6,529,464 shares during the period. Morgan Stanley boosted its holdings in EOG Resources by 87.8% in the fourth quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock valued at $1,008,609,000 after acquiring an additional 3,641,504 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in EOG Resources by 126.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,111,339 shares of the energy exploration company’s stock valued at $662,021,000 after acquiring an additional 2,851,839 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of EOG Resources by 103,083.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,272,097 shares of the energy exploration company’s stock worth $294,282,000 after purchasing an additional 2,269,895 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 0.0 %

NYSE EOG traded up $0.04 on Thursday, hitting $132.44. 432,118 shares of the stock traded hands, compared to its average volume of 3,412,269. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $122.63 and a 200 day moving average of $121.92. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a market capitalization of $76.18 billion, a P/E ratio of 10.18 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. As a group, analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s payout ratio is currently 27.98%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Raymond James reduced their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Susquehanna lowered their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a report on Friday, January 26th. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $140.90.

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.