Parkside Financial Bank & Trust Raises Position in EOG Resources, Inc. (NYSE:EOG)

Parkside Financial Bank & Trust raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 204.8% during the 4th quarter, HoldingsChannel reports. The fund owned 6,291 shares of the energy exploration company’s stock after acquiring an additional 4,227 shares during the quarter. Parkside Financial Bank & Trust’s holdings in EOG Resources were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EOG. McIlrath & Eck LLC boosted its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. Peoples Bank KS purchased a new position in shares of EOG Resources during the 3rd quarter worth $31,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources during the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EOG. Morgan Stanley lifted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Barclays began coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Susquehanna lifted their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday. Mizuho lifted their target price on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Truist Financial decreased their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.24 during trading hours on Tuesday, reaching $135.14. The company’s stock had a trading volume of 890,283 shares, compared to its average volume of 3,378,130. The stock has a market cap of $77.74 billion, a P/E ratio of 10.38 and a beta of 1.40. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The firm has a 50 day moving average price of $123.87 and a 200-day moving average price of $122.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 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 net margin of 31.40% and a return on equity of 25.38%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.30 earnings per share. On average, analysts predict that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.69%. EOG Resources’s payout ratio is 27.98%.

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.