Simmons Bank Increases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Simmons Bank raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 78.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,521 shares of the energy exploration company’s stock after acquiring an additional 2,860 shares during the quarter. Simmons Bank’s holdings in EOG Resources were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EOG. McIlrath & Eck LLC increased its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC grew its position in 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 purchasing an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in EOG Resources during the 3rd quarter valued at approximately $31,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler upped their target price on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. TD Securities reduced their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Finally, Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Fourteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $142.27.

EOG Resources Price Performance

Shares of EOG traded up $0.20 during mid-day trading on Wednesday, hitting $130.46. 1,687,319 shares of the company were exchanged, compared to its average volume of 3,371,914. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The stock has a market cap of $74.98 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38. The company has a 50 day moving average of $128.17 and a 200-day moving average of $122.33.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Analysts expect that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.79%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

About EOG Resources

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.