Huntington National Bank Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Huntington National Bank lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 386,466 shares of the energy exploration company’s stock after purchasing an additional 20,674 shares during the period. Huntington National Bank’s holdings in EOG Resources were worth $47,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd raised its position 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 in the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter worth about $27,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.8 %

Shares of EOG stock opened at $129.26 on Wednesday. The stock has a 50 day simple moving average of $127.93 and a 200-day simple moving average of $127.92. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EOG. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Barclays reduced their target price on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Truist Financial upped their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.67.

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.