North Dallas Bank & Trust Co. Acquires New Stake in EOG Resources, Inc. $EOG

North Dallas Bank & Trust Co. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,455 shares of the energy exploration company’s stock, valued at approximately $573,000.

Other large investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at $30,000. Olistico Wealth LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at $33,000. Physician Wealth Advisors Inc. boosted its stake in shares of EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at $38,000. Finally, City Holding Co. boosted its stake in shares of EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EOG. The Goldman Sachs Group raised their price target on EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Jefferies Financial Group raised their price target on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Citigroup reissued a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Wolfe Research raised their price target on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Performance

NYSE EOG opened at $137.10 on Wednesday. The firm has a market capitalization of $73.02 billion, a P/E ratio of 13.49 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The business’s 50-day simple moving average is $137.46 and its 200-day simple moving average is $123.33.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 EPS. Equities analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,456 shares of company stock worth $1,788,033 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.