Fulton Bank N.A. Buys 621 Shares of EOG Resources, Inc. (NYSE:EOG)

Posted by Defense World Staff on Mar 18th, 2023

Fulton Bank N.A. grew its stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,773 shares of the energy exploration company’s stock after purchasing an additional 621 shares during the quarter. Fulton Bank N.A.’s holdings in EOG Resources were worth $489,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EOG. Cairn Investment Group Inc. lifted its holdings in EOG Resources by 19.2% during the third quarter. Cairn Investment Group Inc. now owns 9,620 shares of the energy exploration company’s stock worth $1,075,000 after acquiring an additional 1,550 shares during the period. Russell Investments Group Ltd. lifted its holdings in EOG Resources by 23.5% during the third quarter. Russell Investments Group Ltd. now owns 359,218 shares of the energy exploration company’s stock worth $40,172,000 after acquiring an additional 68,282 shares during the period. Personal Capital Advisors Corp lifted its holdings in EOG Resources by 30.9% during the third quarter. Personal Capital Advisors Corp now owns 3,090 shares of the energy exploration company’s stock worth $345,000 after acquiring an additional 730 shares during the period. Seeyond lifted its holdings in EOG Resources by 72.1% during the second quarter. Seeyond now owns 8,324 shares of the energy exploration company’s stock worth $919,000 after acquiring an additional 3,487 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in EOG Resources by 324.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,780 shares of the energy exploration company’s stock worth $2,405,000 after acquiring an additional 16,650 shares during the period. Institutional investors own 87.40% of the company’s stock.

EOG Resources Trading Down 1.7 %

NYSE EOG opened at $102.75 on Friday. EOG Resources, Inc. has a 1-year low of $92.16 and a 1-year high of $150.88. The company has a current ratio of 1.90, a quick ratio of 1.71 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $123.48 and a 200-day moving average of $127.04. The firm has a market cap of $60.39 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.30 and a beta of 1.52.

EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings results on Friday, February 24th. The energy exploration company reported $3.30 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the company earned $3.09 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 12.58 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be issued a dividend of $0.825 per share. The ex-dividend date is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.21%. EOG Resources’s dividend payout ratio (DPR) is 24.98%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James lifted their price target on EOG Resources from $155.00 to $171.00 in a report on Monday, November 28th. StockNews.com began coverage on EOG Resources in a research note on Thursday. They issued a “hold” rating on the stock. Mizuho lowered their target price on EOG Resources from $160.00 to $150.00 in a research note on Friday, March 10th. TD Securities lowered their target price on EOG Resources from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, March 8th. Finally, JPMorgan Chase & Co. lowered their target price on EOG Resources from $156.00 to $153.00 and set an “overweight” rating on the stock in a research note on Friday, January 27th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $154.18.

Insiders Place Their Bets

In related news, Director Michael T. Kerr purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The shares were bought at an average price of $130.49 per share, for a total transaction of $2,609,800.00. Following the purchase, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

About EOG Resources

(Get Rating)

EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.