First National Bank of Omaha Makes New $7.42 Million Investment in EOG Resources, Inc. $EOG

First National Bank of Omaha acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 57,223 shares of the energy exploration company’s stock, valued at approximately $7,424,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new position in EOG Resources during the second quarter worth $258,000. Quantbot Technologies LP purchased a new stake in shares of EOG Resources in the second quarter worth approximately $349,000. Gamco Investors INC. ET AL boosted its holdings in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC grew its position in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after acquiring an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.7%

EOG stock opened at $148.68 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The firm has a 50 day moving average of $137.92 and a 200 day moving average of $134.33. The stock has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the business earned $2.32 earnings per share. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. DA Davidson lifted their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley reduced their price target on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Capital One Financial decreased their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Citigroup lowered their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, UBS Group dropped their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $156.00.

About EOG Resources

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.