FineMark National Bank & Trust Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

FineMark National Bank & Trust boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,590 shares of the energy exploration company’s stock after acquiring an additional 1,190 shares during the quarter. FineMark National Bank & Trust’s holdings in EOG Resources were worth $11,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. Financial Life Planners acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd lifted its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth about $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $128.35 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The business has a fifty day moving average of $128.99 and a 200-day moving average of $127.55. The stock has a market cap of $71.10 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EOG. Piper Sandler reduced their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average target price of $145.33.

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.