Associated Banc Corp Sells 663 Shares of EOG Resources, Inc. $EOG

Associated Banc Corp trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,447 shares of the energy exploration company’s stock after selling 663 shares during the quarter. Associated Banc Corp’s holdings in EOG Resources were worth $5,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Saudi Central Bank bought a new position in shares of EOG Resources during the first quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $29,000. Finally, ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.1%

Shares of EOG opened at $105.38 on Wednesday. The business’s fifty day moving average price is $109.41 and its two-hundred day moving average price is $115.36. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 earnings per share. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. EOG Resources’s dividend payout ratio is presently 40.64%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent analyst reports. Mizuho dropped their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Evercore ISI increased their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $140.33.

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.